Date: September 14th, 2021 11:13 PM Author: Pale Corner
Is it a coincidence that last night at 10:00pm we get notice on xoxo that shit is hitting the fan with Solana. Sol hitting the fan, if you will. Advised to sell! Sell! Sell! Then less than 24 hours later the network crashes and the price plummets. Coincidence?
Market psychology, my friend. Smart money - VCs and SBF - was buying at 67. Dumb money wasn't. Dumb money were the people who pumped SBFs bags.
All you have to calculate now is: when the long liquidations start cascading (dumb money always loses), will retail have the buying power to prop up prices above 67 and sustain another 3X to $500 in a week?
Hard pill for SOL moonboys to swallow but its the truth. If Xoxo were investment geniuses and SOL really is going to be at 500 next week (as everyone believes), why werent they buying at 67 last month? SBFs pump money will run out at a certain point. If you think retail was the one who pumped things 3X in one week and will continue to sustain such pumps...OK.
Thats all you need to know about where the true bottom lies.
You dont even need to refer to the charts. People were scared as fuck to buy at 67 last month but suddenly theyre saying SOL to 500 next week and 1000 next month. YOULL BE SORRY IF YOU DONT BUY THE DIP!
When you hear this kind of greed and euphoria, it's time to unload.