Cryptocurrency Market Overview
It's a fairly quiet day in large coins, except for Solana, of course. They are already beginning to introduce Solana dominance, since Solana now accounts for 3% of the entire crypto market.
The mass of medium and small coins is growing by tens of percent.
A number of coins: BOND, BAKE, KSM, GLMR, they have an increase of more than 50% today.
I note that even what is declining today is immediately redeemed. There are only purchases on the market, only meme coins have slowed down a little, but even then, if you look at the BONK chart, then there is about to be a leap upward.
On such days, of course, you need to trade long, but seeing how everything takes off here and there by 10%, you can easily catch FOMO and do stupid things. Keep making good deals and be aware that not many people besides Arthur Hayes have reached the current levels of Solana.
Even the NEKO memcoin appeared on the NEAR network, showing monstrous growth. There is euphoria in the market.
News
Minecraft players will soon be able to use World ID (Worldcoin) credentials for authentication.
The basic scenario
Trade only long and be less diligent with your shoulders in such volatility.
We buy corrections in altos, everything is simple on the market, shortists without stops have suffered very much.
Be careful with tokens that have already flown by tens of percent over the weekend, a correction in them is quite possible.
What's in long today
Small tokens of projects on Solana are a good idea right now. RAY has recently flown away a lot (the DEX token on Solana).
The MKR long closed with a take profit. I hold the GMX long, it gives a small profit, the price has almost reached the level of transferring the stop to breakeven.
The idea for today is a long BADGER
transfer to breakeven when reaching $4.35
stop loss: $3.958 take
profit: $4.634
