$POO consolidating here around 1.4M after topping at 3M+ right after launch. While most memes die 36-48 hrs after launch.. this looks promising and expecting a move up today towards ATH.
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The consensus trade is bearish heading into September and adding longs after rate cut.
There is a good chance we pump into rate cuts and Solana breakpoint and dump after the rate cuts. Possibly looking at a sell the news event.
Interesting times.
U.S. NONFARM PAYROLLS: +142000 (EST. +164000)
U.S. UNEMPLOYMENT RATE: 4.2% (EST. 4.2%)
U.S. AVERAGE HOURLY EARNINGS: +0.7% (EST. +0.3%)
Average hourly earnings number is brutal … otherwise okay. Unemployment lower is good
I think this drop was exactly what brainlet needed to shed the last of the terrible wannabe swing traders and broke bishes. I dont think people are ready for what’s about to happen when things stabilize.
Yall gonna learn why we say Brainlets in control 🫡