BOME (Book of Meme) 24-hour hot topics take off directly!
The veteran king of Solana's meme coin, BOME, surged today, with the price jumping from a low of 0.00067 to above 0.00087, with a 24-hour increase exceeding 20%-26% at times (CMC 20.32%, Gecko 21.20%+). The current price is stable, fluctuating between 0.00081 and 0.00085. The recovery in the meme sector, combined with the community's FOMO sentiment, has reignited the Darkfarms narrative!
Hot news:
BOME's rotation in the Solana meme space is simply explosive! With the rebound of BTC and the support of AI/meme narratives, bullish signals are flying all over X: OI surged by over 30%, volume surged more than 2 times, and the community is shouting, "Meme season is back, don't miss out on old BOME!" Whales are going on a buying spree, presale hype has reignited, and Binance's spot trading is booming! Some predict there will be another violent surge in Q1. In the short term, resistance is at 0.00087-0.00091; if broken, it could surge to above 0.001. However, the common problem with meme coins is that they can surge dramatically but also easily retrace, so don't go all in!
Transaction volume:
The 24-hour trading volume skyrocketed to $65 million - $71 million (CMC approximately $66 million, Gecko approximately $71 million+), an increase of over 200% compared to the previous day! The USDT pairs on Binance and Gate.io contributed significantly, with super ample liquidity, and the market cap surged to around $56 million, maintaining a rank of 407. Volume and price are both soaring, FOMO funds are flooding in, a typical meme rebound pattern!
Liquidations and profits:
The bulls in the contract market are soaring! A 24-hour increase of over 20%, short-term long positions easily profiting, 10-20x leverage can double easily! The funding rate is positive, bulls dominate, and bears are being severely washed out (bears' liquidations account for a large share). Some brothers were positioned at 0.0007-0.00075, and today they took off directly, making a fortune! However, with high volatility, a retracement could happen anytime, so don't go all in.
Summary:
BOME's current move is a bombshell for the recovery of Solana's meme coins, with explosive volume and price, driven by the community and funds. However, the common issue with meme coins—sharp surges followed by sharp retracements! If you want to profit, keep an eye on the breakthrough at 0.00087 and changes in the funding rate; manage your positions and take profits carefully!
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Is trading more suitable as a full-time job or a part-time job?
Among those who trade, I believe that most people actually treat trading as a side hustle, with only a few like me doing it full-time in web3. I have been in the industry for about four years now, and I think part-time trading is more comfortable than full-time trading and should be more suitable for most people's life rhythms. Because the essence of trading is actually waiting for opportunities, just like fishing by a lake; after completing the preparation work, most of the remaining time is spent waiting for the fish to bite. When it comes to day traders and intraday traders, people may envision a busy trader, but in reality, I spend 80% of my day idle, and the time that truly requires full concentration on the market only accounts for about 20% of the day, sometimes even 0%. Many people believe that the essence of trading is to constantly analyze market trends and predict the future direction of the market, but that is not the case—trading is not about chasing market trends, but rather waiting for market conditions to align with your strategy. For traders, the trading strategy is our weapon, and what we need to do is pull the trigger when the market conditions appear in the crosshairs (trading strategy). So overall, the free time a trader has in a day is quite long. Finding some things to do to enrich life instead of just sitting in front of the market is, I think, a healthy trading lifestyle. Of course, I should mention that the part-time trading I speak of is not suitable for just any main job. You need to ensure that when trading opportunities arise, you can promptly disengage from your main job and fully immerse yourself in the market. Jobs that cannot be stepped away from during work hours are not suitable for part-time trading. Part-time trading is suitable for freelancers who can manage their own work time or those masters of slacking off in the workplace. As a full-time trader, my own life is actually quite boring.