I have 2 bags of $met left.
Sold off the rest until further notice. Way too much upside liqudity aka $met sitting above and not enough buy volume.
Folks keep rebalancing improperly, while the community had education on opening pools they lack knowledge on the side effects of poor LPing.
Fees are significantly harder to earn in the sense your exposing yourself to downside risk and your making little gains with small captial with all the competitive pools.
I will wait for a announcement from the team to buy my bags again and will wait for LPs to withdraw. There is 0 need for all that upside liquidity imo. Plus now the downside is being withdrawn and the upside is remaining.
We need better volatility and arent setup for it right now. Ive seen this happen before so its just a waiting game to let price go low n shake folks out.
I will only do $sol side retraces after pumps or when we have dipped. Putting upside isnt beneficial at all or helpful. Any downside that fills i will sell immediately the moment my fees make me breakeven or in profit. The fees are going to be used to grow a $met position but I won't directly buy only convert.
They make plenty of revenue to make some bullish announcement so I still believe it spikes up just like other platforms like that have in the past. I remain bullish long term just not short term on price.
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