Pump has once again broken, heading down to Bonk, with market support coming from those who believe Pump will support it $PUMP
I know some people want to say Alon will only start pulling up the market when everyone no longer believes in Pump, but why not wait until he has washed out and then see a significant opportunity to buy when it looks like it will rise? Currently, the fundamentals, trading volume data, and K lines don't seem promising for an increase. Buying now to bet on a rebound is essentially like picking up coins in front of a steamroller; a friend who aimed for a 10% gain is now down -10%.
There are currently two expectations, with a rebound betting point offering opportunities to run:
1. Pump is listed on Binance spot trading, with rumors and on-chain data indications, but it's unclear when it will actually launch. According to the current K lines, if an announcement is made, it would provide an opportunity to run.
2. This is considered the second break, having already broken the previous low, with a weaker trend, and attention is gradually diminishing. The possibility of a rebound back to 40 is still significant, but the number of people who will buy back at the public sale price during the third or fourth breaks will decrease.
Moreover, being stuck in a bull market presents a major issue: opportunity cost. The same amount of money could be used to buy other coins; even without using meme coins as examples, just looking at $DOGE, a major mainstream altcoin, has risen 20% in the last couple of days. Those who are hesitant to invest in other coins are still likely to invest in $DOGE. If this general pullback is just a brief pause in the bull market, then it presents a relatively good opportunity for repositioning; consider if there are any better options.