Challenge 46/100 Completion
Reflections

I want to discuss #fartcoin first since I took a major loss on it. My biggest mistake was not cutting my position when it clearly lost its daily trend at .28. I felt my position was too large—cutting it might worsen the scenario and drive the price down further. However, not cutting led to capitulation around the .2 level, followed by buying back in and capitulating a second time at .17 when all conviction was lost.

The key lesson: don't deploy large capital on-chain concentrated in a single coin—the liquidity simply doesn't support such behavior.

Read on the Market:

After Moodeng's listing on CB, MOG is also listed on CB, which might trigger another wave of memecoin hype. I'll maintain focus on major memecoins, but now prefer those on Binance for better liquidity and flexibility.
I spent too much time on Solana and completely missed out on ETH betas. I utilized today's dump to build a decent ETH position and will look for more ETH beta plays. DeFi and Re-staking are likely to benefit most from ETH pumps.
Layer 1 coins are also hot, but I feel these coins have pumped too much. I'll wait for a better structure to enter. Current favorite choices are $HYPE $FTM $SUI

Position changes:

Cut #fartcoin again and deploy funds back to Binance

Closed Moodeng at .58 (+6R)

Scalp Plays
Render -1R
ORDI -0.5R (made a decision between chasing ORDI or RSR, luck was not on my side)
MOG +1R
Chill Guy +0.5R
Solana +0.5R
LINK +0.5R

Holding PEPE (0.00196), DOGE (0.404), and ETH (3561)—I expect these to run harder today. Also entered PNUT (1.24) after noticing Coinbase has been teasing PNUT consistently.
#fartcoin