The reason is pretty simple. Market volume has been weak, liquidity isn’t flowing that well, and most of the setups I’m seeing right now are leaning heavily toward gambles.
Instead of forcing myself to find something to call every day, I’d rather stay patient and focus on setups where the R/R actually makes sense.
Right now, there are 2 plays I’m watching.
1. $GOMO
CA:
9XKzy4KahcZaGJPJtz1PtqGPB3CiseoBrx7TcQhEpumpSome guys in the group actually sent me $GOMO pretty early, but I didn’t want to jump in right away
I wanted to spend some time watching whether the mechanisms the team was building would actually work and produce real results, or if they were just concepts on paper
As of today, I’ve finally started seeing those mechanisms working and getting actual results with users
The team has also collaborated with Bubblemaps, which is another point worth paying attention to
I’ve been watching $GOMO for around 2 days now. When I first checked it, the website honestly looked pretty similar to a copy of the FOMO app, so I wasn’t particularly impressed at first
But the team moved quickly. The website has since been updated, the product looks much more polished, and more importantly, we’re starting to see real users actually using it
With the market in its current state, I’m not seeing many setups that really stand out. $GOMO is one of the few I think is still worth keeping on the watchlist
My plan is pretty simple
I’ll ape lightly around the current area and keep most of my capital on the sidelines
If we get a dip toward 1.5M to 1.7M MC, I’ll consider DCA
If it loses 1M MC, I’ll cut. For me, that gives the setup a pretty clear invalidation level and a decent enough R/R to justify a small position
2. $SAPLING
CA :
BZFYNPeQAEW3HWQ4DNsTVahC1n4ZjTgn6jB2nnBbB96WThe second one I’m watching is $SAPLING
The thesis is pretty straightforward. It’s a launchpad focused on memecoins paired with ZEC
We’ve already seen a few tokens from the ecosystem reach a few hundred thousand in market cap, so at the very least, the concept has shown that it can attract some liquidity and attention
That said, this is also the setup I’m more cautious about
The narrative isn’t exactly new anymore, and the current market isn’t strong enough for me to want to chase setups like this
More importantly, $SAPLING has a relatively large bundle. Because of that, my conviction here is lower than with $GOMO, and I’d treat this more as a light gamble than a high-conviction setup
The plan here is not to chase
I’d rather wait for a dip toward 1.7M MC before considering a position
If it loses 900K MC, I’ll cut
Overall, this isn’t the kind of market where I want to spam plays just to give you guys something to trade
Between these two, I’m prioritizing $GOMO because the team is starting to show that the product and its mechanisms are actually working
$SAPLING still has a narrative and we’ve already seen a few runners from the ecosystem, but the large bundle and the fact that the concept isn’t particularly new make me want to manage risk more aggressively
For now, I see both as setups to trade with a clear plan and reasonable size, not something to go all-in with high conviction
When the market is weak, staying patient is better than forcing a trade
DYOR

