Opportunity Knocks
Can you still make money on Solana?
We’ve seen bearish sentiment across the board; however it’s been particularly strong against Solana.
Exhaustion is the best way to explain what is happening on Solana, in memes. The insider trading, scams and unlocks have become overwhelming for the average trader.
However, if you ignore the noise the reality is… every single day there is still several new launches doing well.
How To Make Money
The market looks pretty cooked right now for the worst; however for those with time there is always opportunity in crypto.
Regardless if Solana is at $8, $80 or $800 the casino doesn’t stop. The odds however change for you to win. It is much harder now than it was a month ago.
However, here is my current strategy.
Lower roi expectations — I’ll begin de-risking my position at 40% profit and exit fully fairly quickly. Depends on token chart and sentiment. But the idea is in and out with 40-60% return.
Smaller Size — I’ll size into positions way smaller than before understanding that tokens don’t run like they used to going into the multi millions with ease and they can quickly go to 0.
Data Driven / Narrative Driven — it is no longer blind ape season, you actually need to understand the narrative your buying and figure out how compelling it actually is. I’ll be doing some due diligence on each purchase. The other way I’ll buy tokens is using Stalkchain to peep insiders and smart money on established tokens. HERE is an example of the data.
In my memecoin guide I share everything needed
Building Brand To Monetize
When the market is tough, it’s a good time to focus on your personal brand. When things turn around you can use that brand to make connections and potentially, more profits.
I’ve made a few guides to help you on the journey, and will be hosting lives where I discuss each aspect of creating a personal brand in crypto. I’ll share the content here in this newsletter!
Token Spotlight $ PEP
Unfortunately, PEP broke down past my 100% FIB which is where I derisked the position. Regardless of that, whales continue to hold their supply. The community continues to rally hard on X.
I will fully re-enter around 2.5m should we see that level.
