Big example rebranding isn’t good, whatever they will dump for sure 👌🏻
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$BNX already rebranded to Four (FORM) a long time ago and some of you still think $FORM is something new? Wake up. The old $BNX chart got crushed multiple times, same story will repeat with $FORM. The devs and team are the same, nothing magical is coming. This is the same scam wearing a new mask.
Bearish again! Today, these two legendary figures shared new insights.
Legendary trader 'Pigeon' Eugene believes that an increasing number of brave traders are being defeated by this market trend. This implies that the market has not improved; instead, it has caused more strong players to suffer losses and concede.
Meanwhile, Vida, the post-00s founder of Formula News, announced earlier this morning that he had liquidated his remaining FORM positions, believing that this round of Meme coin rally is nearing its end. https://t.co/tipFijrpXk https://t.co/G64nkw5pqf
Should we buy the dip this weekend? Legendary trader 'Pigeon' Eugene, who successfully exited at the top this time, and Vida, the post-00s boss of Formula News, both stated that it's still not the right time to buy the dip.
'Pigeon' reposted another analyst's view, suggesting that the '1011 incident' is far more serious than people think. That analysis argued:
· Some people's assets went directly to zero in this wave
· Market maker losses make the market more fragile
· Player liquidations reduce buying pressure, leading to liquidity collapse
· Amid global trade tensions, this could trigger a chain reaction
It's possible that BTC and other mainstream coins might be okay in the end, but altcoins will generally be more vulnerable.
Additionally, that analysis accused several major market makers, including Wintermute, of suffering significant losses in this wave (and not receiving relevant compensation, making it difficult to restore their previous market-making support).
Reviewing some "failed" logics, just to tell you that trading needs to be flexible, flexibility is very important, and history does not simply repeat itself, remember that.
1. form
A garbage Android coin. The normal trading logic is: BSC market is hot, and form, as a launchpad, is a beta, just like buying pump on the SOL chain back then. Revenue + buyback, a bulldozer.
In reality, pump rose 3-4x from the bottom at that time, so form should also rise, right? The logic is sound. But this project team is a piece of shit, only selling off, not buying back, and not pumping the price. When BSC got hot, retail investors rushed in, and the form project team started dumping, forever a beast.
(I saw through this coin in time and made some profit from swings)
2. okb
So far, it's also an Android coin. The normal logic is: 80%+ burning + staking OKB to get other project airdrops + development expectations. This coin should have a lot of premium because crypto trading is all about expectations.
In reality, its pump and dump behavior is no different from ordinary altcoins, it's not a platform coin, and it has no empowerment.
(I realized this coin too late and lost a bit)
I will continue to update this article about some coins, with "originally correct" but "actually wrong" logic, to be continued. I can write a lot about this. xdog\giggle....
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