Are you ready for some Jackson Hole action? | CRYPTO MECHANIC on Binance Square

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Are you ready for some Jackson Hole action?

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Whales are heavily buying Ethereum and that too on SPOT. No liquidations and i dont think they will panic sell it. I already have a bag of $ETH but if we get some big early month dips. I will buy more because i dont think its done yet.

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Made a lot of money this bull market so i bought some things.

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$SUI Failed to reclaim that zone i shared in my last update and now made a new low. Most of the altcoins have the same chart, This is why i was avoiding the most and only focusing on a few.

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Trump's token called World Liberty Financial ( WLFI ) is launching on September 1st, and I think there will be a lot of hype around it because it’s associated with Trump. It’s very likely that it will catch a similar level of attention as Trump’s memecoin. However, I think you should avoid jumping in on the first day because it depends on the fully diluted valuation (FDV). If the FDV is too high, say over $10 billion, then there’s no need to rush. You should wait and see how it performs, especially since there was a presale, and presale investors might take profits quickly. So, don’t rush observe the price and wait until it finds a floor. Just because it’s a Trump associated token doesn’t mean you should buy it on day one. Remember how the Trump meme coin turned out. Most tokens linked to celebrities are designed to fill their pockets, and you’re basically the exit liquidity. So, be patient. If the FDV is under $1 billion, then it might be more attractive for me. And I’d always wait for the price to form a range and then look for a breakout. That’s my advice: don’t jump in on the first day!

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We are approaching the end of the month, and since September is coming up, everyone thinks it will be bearish. I think the market makers might make them believe it’s actually going to be a bearish month. We’ll see how it starts. I wouldn’t recommend new entries for now.

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