I opened a short in $NOT next target $0.0051
$NOT has had a tremendous run in may and did a 5x in only 8 DAYS
usually this type of price movement is not sustainable
There is a famous quote "What goes up must come down"
I firmly believe NOT topped out here and we see it retrace the whole move
Why?
-VCs started to shill NOT at the top
-price action is looking like pure manipulation to turn retail bullish
-altcoin sector is beaten down bad I think we'll need some time to recover when altcoins range for a few weeks. In this timespan it is very likely to see notcoin loose more and more momentum
-I personally also believe that memecoins start to underperform from now and ETH + ETH Betas will start to perform due to the $ETH ETF and TradFI entering the space.
Let me know what you think about that!