rollbit rollbit rollbit.. also dmt

when do we exit??

In the previous substack post, I mentioned I was planning to buy RLB at around $0.095. I got lucky, buying basically the exact bottom a day before the huge announcement. Now it is about $0.19, 2x in a few days. They announced that they are buying back and burning ~200k USD of RLB tokens each day. This is quite significant, as total LP’s on rollbit/uniswap are only about 20m. Some info here on buyback speculation.

This buyback is pretty huge, and still lots of people aren’t sure if its legit or not. Honestly, I don’t know if its legit either. But, I have a good enough entry that if the buybacks aren’t real, or something wild like that, I’ll probably be breakeven after.

I estimate it will take around 2 weeks for RLB to reach close to a fair value price based on their revenues. If not fair value, I believe that the majority of the move will be completed in 2 weeks. Plans often change in crypto, but my current plan is to sell about 10% of my RLB every day, starting tomorrow.

DMT, I re-entered at around $45.5. Got as close as I could to the previous resistance level in order to minimize risk if this trade starts going the wrong way. Looks good for now, decreasing volume on the descent to support.

my guesses/price targets below if you decided to be a paid subscriber lol