Consider layering buy orders for Ethena (ENA) between $0.62 and the key Point of Control at $0.5825, where multiple technical indicators converge. For Dogecoin (DOGE), a potential entry exists on a pattern retest, with key levels to watch at $0.21100 and $0.20500. With increasing on-chain activity, consider laddering into Avalanche (AVAX) near current levels and placing a second buy order around $22.50. A high-conviction long opportunity for ETHFI may appear in the zone between $1.01 and $0.97. Finally, watch Cardano (ADA), as holding the critical $0.85 support level is key for maintaining its bullish structure.

Bitcoin (BTC)

• The market is currently in a downtrend, described as an "Asia dump" that has overextended.
• A bullish divergence (a technical indicator suggesting a potential reversal to the upside) was identified on the 2-hour chart but is currently failing. This could lead to a "secondary bullish divergence," which might result in an even more aggressive bounce later.
• The speaker believes the natural progression for BTC is downwards, even with small bounces, after falling below the 50-day moving average (MA).
• A potential "double top" bearish pattern is in play, which could lead the price down to levels like $108,000 or even $105,000.

Takeaways

• Downside Support Zones: Key levels to watch for a potential major bounce are:
  • $112,500 down to just under $112,000.
  • A lower zone at $110,500.
  • On the daily chart, $111,000 and $108,000 are also in play.
• Upside Resistance Zones: If a bounce occurs, these are levels where the price might get rejected:
  • $116,100 (confluence of the 50-day MA and a Fibonacci level).
  • $117,700.
• Strategy: The current market is described as "chop," meaning it's not friendly for easy trades. The suggested strategy is to play the bounces but take profits very early.

Ethereum (ETH)

• The speaker feels that ETH has been showing more weakness than other tokens recently.
• A major support band is identified around the $4,000 level.
• Similar to Bitcoin, ETH has a bullish divergence on the 2-hour chart that might be failing, potentially leading to a stronger "double divergence" and a subsequent pump.
• The key question is not if it will bounce, but how deep the dip will go before the bounce.

Takeaways

• Key Bounce Zones: Two major levels where a long position could be considered:
  • $4,075
  • $3,900
• Risk Factor: A large trader ("James Winn") is reportedly in a long position with a liquidation price of $4,152. The speakers suggest the market might push down to this level to trigger the liquidation before a significant bounce occurs.

Solana (SOL)

• The speaker is currently in a long position on SOL and is "sweating bullets," indicating the position is under pressure.
• The current price is in a key support zone, which is why the long position was taken.
• Like other major coins, the 2-hour divergence is failing, which could lead to a "double divergence" after one more dip.

Takeaways

• Key Support / Entry Zone: The primary zone of interest is between $176 and $173. This area is supported by the 50-day MA, order blocks, and horizontal levels.
• Danger Zone: A break below $155 is considered a "proper leaky's" (liquidation) level for the speaker's position, indicating a significant breakdown.
• Strategy: The speaker is looking for a bounce from the $173-$176 zone. A failure to hold this level would be a signal to cut the position.

Ethena (ENA)

• ENA has had an aggressive sell-off, and metrics like open interest and funding rates have returned to normal, making it more attractive for long positions.
• A detailed trade setup was provided with a strategy of layering bids to build a position.

Takeaways

• Layered Entry Strategy:
  • First Entry: Around $0.62.
  • Second Entry: Around $0.60.
  • Third Entry: A "sneaky bid" at the POC (Point of Control) level of $0.5825.
• Reasoning: This entry zone is a confluence of a long-term trendline, the monthly open price, and a key Fibonacci level (macro 382). The speakers have noted that POC levels have been very accurate entry points in the past.

Dogecoin (DOGE)

• The speaker is waiting for a retest of a bullish "W pattern" breakout.
• The chart also shows a symmetrical triangle pattern that has broken out, and the price is now coming back to retest that breakout level.

Takeaways

• Entry Strategy: The setup involves two potential entry orders:
  • First Entry: $0.21100. This level is near the monthly open and a key Fibonacci level (macro 618).
  • Second Entry: $0.20500. This is on a major trendline and is about 3.7% lower than the current price.
• Reasoning: The speaker believes one more dip could cause traders to "capitulate" (give up and sell), which is often the point of maximum pain right before a reversal. This setup aims to buy into that potential capitulation.

Avalanche (AVAX)

• On-chain activity for AVAX has reportedly been increasing significantly over the last 30 days.
• The speaker has already entered a long position on AVAX as it has hit a key "macro 618" Fibonacci level, which was described as acting like a "magnet" for the price.

Takeaways

• Entry Strategy: The speaker suggests laddering into a position (entering with multiple smaller orders rather than one large one).
  • Current Zone: The speaker has an order in the current zone.
  • Second Order: Another buy order is waiting at $22.50.
• Backup Zone: A lower, high-quality support area is at $21.70.
• Invalidation: A daily close below the 50-day MA and a key VWAP (Volume-Weighted Average Price) indicator would be a signal to consider cutting the position.

Other Altcoin Insights

Chainlink (LINK)

• Context: LINK is considered to have a strong narrative due to its role in Real World Assets (RWA) and DeFi, with many major partnerships in the global financial system.
• Takeaways: The speaker is looking at higher timeframe charts for high-probability entry zones.
  • Primary Zone: $22.70.
  • Lower Zone: $20.50.

Brett (BRETT)

• Context: The speaker has entered a long position as BRETT has hit their target entry zone. The 4-hour chart is showing strong reversal signals like a "double divergence" and a "blue reversal dot."
• Takeaways:
  • Entry Zone: $0.050 down to $0.049.
  • Risk Level: A close below the 200-day MA (around $0.0485) could signal a further drop to the $0.045 - $0.046 range.

ETHFI (ETHFI)

• Context: The token has seen a significant 23% drop in just six days. The speaker is looking for potential bounce zones.
• Takeaways:
  • First Bounce Zone: $1.04.
  • High Conviction Zone: A lower zone between $1.01 and $0.97 is described as a "magical long zone" due to the confluence of the 200-day MA and a 786 Fibonacci level.

Pump.fun (PUMP)

• Context: The team behind PUMP was reportedly buying their own tokens to support the price. The question is whether they have enough "ammo" to do it again.
• Takeaways: A potential bounce zone to watch, should the team decide to support the price again, is between $2.70 and $2.50. This area aligns with a 786 Fibonacci level and order blocks.

Pepe (PEPE)

• Context: Described as frustrating after a 4% pump was completely erased. The chart is showing multiple bullish divergence prints, suggesting a bounce is a "matter of time."
• Takeaways: If the market dumps again, a key level to be ready to "push buttons" for a potential 4-6% bounce is between $0.00000102 and $0.00000100.

Optimism (OP)

• Context: The 4-hour chart shows bullish divergence and a "blue dot reversal." The price is approaching a key trendline and Fibonacci level.
• Takeaways:
  • Entry Strategy: Two layered orders are suggested.
    • First Entry: $0.6870.
    • Second Entry: $0.6717 (on the 786 Fibonacci level).
  • Potential Target: A bounce could target a "fair value gap" for a potential 12% move.

Cardano (ADA)

• Context: The token is seeing aggressive selling. However, a "golden cross" pattern recently formed, which has historically led to moves of over 150% for ADA. The current move is only up 42% since the cross.
• Takeaways: The key level to hold for the bullish case is $0.85. This level is the yearly open price and a major horizontal support. If this level holds, the bullish structure remains intact. A break below would be concerning.