Also added another $5,000 short on a different account. Let's fu**ing go.
I have enough margin and I'm comfortable with the risk. Can it pump higher? Sure.
Will it become bigger than Bitcoin? No. That's my thesis.
If needed, I can add more margin and sit through the volatility. I'm not trading for the next few hours. I'm trading for what I believe happens in the end.
Maybe I'm wrong. Maybe I'm right again. The market will decide.
My current long positions are $LAB , $C , and $ICP . Just a few hours ago, $ALLO delivered exactly the kind of move we were looking for, which only reinforces the approach I've been taking lately. Instead of chasing coins that have already pumped and attracted everyone's attention, I've been spending most of my time looking for tokens that have been heavily sold, ignored, or pushed down by fear-driven market reactions. In my experience, some of the best opportunities appear when sentiment is at its worst and most participants have already convinced themselves that a token is finished.
The market has a habit of overreacting in both directions. During strong rallies, people become overly optimistic and bid assets far beyond reasonable levels. During sharp declines, that same crowd often does the opposite, selling into panic and assuming there is no chance of recovery. Those emotional extremes are where I find the most interesting setups. Rather than buying strength after everyone is already bullish, I prefer identifying quality projects that have been beaten down, watching for signs of exhaustion from sellers, and positioning before sentiment begins to shift.
This doesn't mean every trade will work perfectly, and it certainly doesn't mean every oversold token is worth buying. The goal is simply to find situations where the downside appears limited compared to the potential upside if the market starts repricing the asset. I would rather accumulate during periods of uncertainty than compete with thousands of traders chasing the same breakout after the move has already happened.
As long as market conditions remain similar, this is the framework I'll continue to follow. I'll be focusing on fear, capitulation, and oversold conditions rather than hype, euphoria, and crowded momentum trades. Because of that, you can expect more long setups and accumulation opportunities from me going forward.