Gideon's AlphaπŸ’Ž
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Trade idea: long SWEAT

It is move-2-earn project built on near, same as GMT

Thesis:

βœ…Sponsor of nearcon conference on November 7.

βœ…3rd app in gaming category based on Unique wallet addresses

βœ…30d stats up

βœ…Formed bullish pennant pattern which is a bullish pattern, sitting at support

Near is already pumping, AURORA which is L2 on Near already did 2x, sweat is in top 5 projects on Near so I expect upside from it as Nearcon get close

Available on bybit - https://bit.ly/46PCD2f

Just idea, NFA⚠️
In bull don't fade move-to-earn projects like AMO, GMT, SWEAT...

They are one of the biggest ponzis, but good at making money in hype.

Bc they have cult-like community and support from fitness influencers.

No matter what they tell you(buyback, revenue) their tokenomics is designed so that value of token goes down long-term.

You can't just walk and earn free money sustainably over long period.

Anyway, my point is not to sh*t on them but to help you see them in right way.

Don't invest in them for long-term.

Use them in hype to make money.

Get out and forget.
Repeat with next one.

Many lost everything on SWEAT and GMT so don't repeat their mistake🫑
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Every one of them claimed they are "different" and "sustainable"

Yeah bro, you'll just give tokens to people that went for a run and no, they won't sell those tokens🀣🀑
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Another trade idea: LONG/buy RDNT if we break this resistance, it formed a double bottom pattern which is bullish, also live on ETH, dLP mechanism pushes price up with TVL increase, they got ARB grants to attract TVL...
Gideon's AlphaπŸ’Ž
ARB trade idea: long it if it breaks this resistance, it formed double bottom pattern which is bullish in most cases, wait for big strong green candle that CLOSES above resistance, don't be fooled by this one scam wick, we need one whole candle. Market is…
Big green 1d candle on ARB.πŸ‘€

We broke out of resistance, double bottom pattern confirmed, 1$ psychological level passed, volume increasingπŸ‘Œ

+ ARB grants/seasonπŸ”₯

Act accordingly 🧠
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Also, most people don't realize that $RDNT is ONLY project that will directly benefit from $ARB incentives through price increase.πŸ“ˆ

Others will benefit from TVL/activity increase.

Radiant dLP mechanism requires that users lock RDNT/ETH LP to get boosted emissions.

So ARB incentives will only go to those that create buy pressure on RDNT token.

Perfect flywheelπŸ”„
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Aped FRENS and LOOT as airdrop farming bots for LayerZero airdrop hints, bottomed charts, so low downside, some buys started to come today, so people are preparing, almost no calls on twitter
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I closed GMT at breakeven and SWEAT at small loss bc it dipped below trend line.

You gotta cut underperformers fast and limit losses.

Wanna be transparent, so you don't think I only win.

Otherwise you'll fall under survivorship bias and think everyone always win and you don't...
πŸ‘1
πŸ”₯1
Gideon's AlphaπŸ’Ž
I closed GMT at breakeven and SWEAT at small loss bc it dipped below trend line. You gotta cut underperformers fast and limit losses. Wanna be transparent, so you don't think I only win. Otherwise you'll fall under survivorship bias and think everyone always…
GMT bounced hard from support.πŸ“ˆ

I didn t catch it but Im happy my thesis was right.

Once you have high % of winning thesis, all you need to do is execute and wait.

But this is hardest part.