Let's talk about the recent market 🧐
BSC is quite lively, especially with the recent surge driven by THE yesterday, today BSC chain projects generally rose, and even BNB followed suit. Interestingly, ACT - the only AI agent listed on Binance on BSC, this sector has indeed been crazy lately.
However, the SOL ecosystem seems to be struggling, with Meme coins basically wiped out. Let me share my two positions:
LUCE: The narrative is good, I suggest setting a stop-loss at 0.08, if it drops below that, sell 50-80% of your position. I've already made several times the profit, and the rest can just sit back and watch.
RIZZMAS: To be honest, this Christmas-themed project lacks momentum. Big holders are cashing out, one reason is the overall weakness of SOL, and the other is the sustainability of holiday-themed projects is indeed concerning.
Tips:
- Dextools trend lines are great, if it breaks below on the 15-minute level, it's time to withdraw.
- The number of addresses metric is not very reliable now, just look at ChillGuy - there are indeed many addresses, and the price has held up. But now many new projects clearly have inflated address numbers, it's too easy to inflate addresses on SOL.
Remember: tools are lifeless, people are alive, don't fixate too much on a single metric 😉