I’m even more bullish on Pump than ENA

If you are holding $PUMP I snipped a very important video clip for you.

I literally screen recorded it because it's so important*.

Check it here.

https://x.com/CryptoStreamHub/status/1965678672792494278

*if you hold pump

Lots of attention on Pump today but don’t forget ENA is a great asset as well.

We probably have at least 1 leg left for ENA before it makes sense to position for the ending of the buybacks.

I bought some back around here

*US AUG. CORE PPI FALLS 0.1% M/M; EST. +0.3%
*US AUG. PRODUCER PRICES RISE 2.6% Y/Y; EST. +3.3%

Lets fucking go

We are on the brink of a full risk on season

Full steam until tomorrow CPI

Bought more ENA here

Top Blasted Launchcoin - not big size because of the chart but hope it will work out.

$ENA trades like a piece of trash.

Here is why I bought more:

1. I think they haven’t even started deploying buybacks yet, but will do so within the next few days.

2. The team can announce the fee switch at any time to kickstart the uptrend again.

3. Binance integrating USDE is much larger than most realise.

4. The MegaETH partnership is solid as well.

5. The free float is much smaller than most realise.

6. The price and OI came down quite a bit. I think it’s a decent spot to get back in.

7. There are like three investable altcoins that still have real potential, and $ENA is one of them.

Finally, I want to leave you with one thought:

They raised $360 million in their first PIPE.

→ The price went up

They raised $530 million in the second PIPE.

→ The price went up

Why wouldn’t they just raise another PIPE? :)

Wow

How is it going guys? Is your trading going well? Or are you unhappy with your results?

Typical CPI de-risking

U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%)
U.S. CORE CPI: +3.1% YEAR-OVER-YEAR (EST. +3.1%)

Think it's good enough

$Pump doesn't look great here – I took some profits.

Good chance insiders frontrun the listing announcement from today. I think it makes sense to reduce a bit.

ENA also peaked on the Binance USDE listing news.

It went up and has been underperforming a lot since then.

Even fundamentally strong projects can underperform on LTF if OI unwinds and traders take profits.

I sold the top on ENA but bought it back too early.

Now I missed the top on PUMP but will make sure to not get back in too early.

I think PUMP is definitely a coin to keep on your radar, but there is a decent chance it needs to cool for a few days.

Maybe I'm wrong and PUMP just goes straight up again, who knows.

LTF noise. Both have plenty of room to go higher. Just a minor local too for now.

Yes absolutely.

With each post you read in here, keep in mind that I trade very short-term.

Days and weeks not months.

This is what I mean about PUMP.

Many traders seem to use the listings as exit points. As the coin loses momentum, more and more people close their positions.

This can result in a cooling-off period of several days.