$PENGU Almost -80% off the highs. If you are of believe memes do well again and you believe in founders like Luca Netz, between here till 0.06 is a good buy. We saw this happen with Fartcoin, normally a small breather on these lowcaps give good multiples while still being down tremendously. Not a trade so hold time can vary, put in dust that you can afford to lose.

FARTCOIN/OTHERS is 124% off the lows - High beta assets will give higher returns off specific lows - But timing entries, scaling entries is everything If you bought $FARTCOIN thinking the market has bottomed post the $80k retest on BTC then you're up a lot However, if you bought it instead of BTC/SOL or majors at any point in the downtrend for a bounce play then you'll have been massacred. It's also very difficult to set invalidations on these and you can't trade them without a stop because if an asset is down 90% off ATHs and then gets a 100% or 2x run, it is still down 80% of ATHs Your entry needs to be really good to make it work, and you can't size large because of wide invalidations Something to keep in mind as more often than not you're not trading in a high volume environment, there's only a handful of retail or idependent traders still trading these assets

Crypto has been uncorrelated with stocks during upside And highly correlated during downside (brief pullbacks for $SPX, dearth candle for us) It’s not new and I’ve been seeing this since the past month almost, which is what gave me confidence to short and keep holding. But if this does not change (crypto front running a bottom on one of the eventual pullbacks) then there’s close to no hope on a reversal of the downtrend in Q4