Two assets bouncing back fast from the dip.

Strong fundamentals & good catalysts, dipped way too much from this dip.

Easy recover to predict, study this kind of movements.

Also I mentioned WIF during the dip, from $2 to $3, I longed 2X at ~$2.6, when recovery was confirmed.

It was a riskier move cause it was already in a downtrend before the dip, however it's still one of the "strongest" memes so this dip in addition to the downtrend was def overselling.

Meme season has been quieter lately but when it's heating up again I'll revisit the memecoins from the top 10-20 that took the biggest hits from the recent events.

We're seeing some FUD again recently.

I've been using these calmer few days to take some time off from the Markets. Being sick & tired a bit lately so recharging the batteries.

But obviously I'm still bullish, maybe not for May, but for 2024 as a whole. And it will depend on the macro situation.

What do you think?

About Pendle x EigenLayer Situation

You may have seen that the EigenLayer Airdrop is not unanimously acclaimed.

And some of the EigenLayer FUD also moved to Pendle.

Here are some clarifications.

So we're seeing a correction on Pendle, but it's not that bad, and still above the price of a couple months ago.

We might have a good entry here. I would usually think it's better to wait for a new yield Narrative that Pendle can benefit from, but I know they're building already way more stuff. So I'm pretty confident for the next few months if the Market is still bullish.