Pump has once again broken, heading down to Bonk, with support provided by family members who believe Pump will hold the line.

I know some people want to say that Alon needs to wash out everyone’s belief in Pump before he starts pumping, but why not wait until he’s done washing and when there’s a good chance of it going up before buying? Currently, the fundamentals, trading volume data, and K-line all suggest it’s unlikely to rise; buying now in hopes of a rebound is basically like picking up coins in front of a steamroller, and a friend who was aiming for a 10% gain is now down -10% 🌚

There are currently two expectations, with points of rebound giving opportunities to run:

1. Pump is listed on Binance spot, there are rumors and signs in on-chain data, but it’s unclear when it will happen. Based on the current K-line, if an announcement is made, it will provide an opportunity to run.

2. This is considered the second time it has broken; this time it has broken the previous low, and the trend is weaker, with attention gradually diminishing. The possibility of this rebound returning to 40 is still significant, but when it breaks for the third or fourth time, the number of people who will buy it back at the public sale price will decrease.

Moreover, being trapped in a bull market has a major problem, which is opportunity cost. With the same amount of money, buying other coins, even without using meme coins as an example, just taking $DOGE, a major mainstream altcoin, as an example, it has also risen by 20% in the past two days. While others may hesitate to take positions, $DOGE is still a coin people dare to invest in. If this general pullback is just a brief pause in the bull market, then it provides a relatively good opportunity for reallocation and adjustment. Consider if there are better options.