For long-term investors, consider buying NVIDIA (NVDA) at the high-conviction support level of $154. With Meta (META) at its most oversold level in three years, look for a potential bounce trade near the key support of $550. Amid the crypto market downturn, a primary buying opportunity for Bitcoin (BTC) is identified in the $85,000 region. Similarly, a major demand zone for Ethereum (ETH) is between $2,600 and $2,750, with $2,750 being a key level for a long entry. For Solana (SOL), watch the critical $129 support level for a potential bounce, but be aware of significant downside risk if it breaks.

NVIDIA (NVDA)

• NVIDIA reported very strong earnings, beating all expectations. However, the market reacted by "selling the good news," causing the stock price to fall after an initial gap up.
• The speaker notes that the underlying demand for NVIDIA's products is extremely high, arguing against the idea of an "AI bubble."
• A short position was opened by the speaker on the recent price spike, indicating short-term bearish sentiment.
• Key support level to watch is $182. If this level breaks, the price could fall into the $160s.
• A major, high-conviction buying zone is identified at $154, which corresponds to the 200-day moving average. The speaker guarantees that the "Tradfire community will come in and buy" at this level.
• Immediate resistance is at $195.

Takeaways

• While NVIDIA's long-term fundamentals appear strong, the short-term price action is bearish.
• Watch the $182 support level closely. A break below could signal further downside.
• For long-term investors, a drop to $154 is presented as a prime buying opportunity.

Bitcoin (BTC)

• The market is experiencing a significant dump, with Bitcoin making fresh lows and erasing recent gains in a "round trip." The overall sentiment is described as very bearish or "Mr. Belarish time."
• The immediate low to watch is $88,300. If Bitcoin bounces from here, a potential rejection zone for shorts is between $90,200 and $90,800.
• A major area of interest for a long entry is the $85,000 region. The speaker specifically mentioned setting a limit order at $85,528.34.
• If the $85,000 level fails to hold, the next major support zone to watch is between $75,000 and $77,000.
• On a bullish note, a "capitulation metric" just hit a new all-time high. The last time this happened, Bitcoin's price went up 50%.

Takeaways

• The short-term trend is clearly down. Traders might look for short opportunities on bounces towards the $90,000 area.
• The primary level for investors to consider buying the dip is around $85,000.
• Have a plan for further downside. If $85,000 breaks, the next major buying opportunity could be in the $75k-$77k range.
• Despite the bearish price action, some underlying metrics suggest a powerful reversal could be forming. The key is to "stay focused" and "play the big zones consistently."

Ethereum (ETH)

• Following Bitcoin, ETH is also in a sharp downtrend.
• A major demand zone where a significant bounce is expected is between $2,600 and $2,750.
• The speaker has a personal buy order waiting at $2,750, viewing it as a key level to enter a long position.
• For very short-term traders, a quick dip down to $2,830 could offer a scalp trade opportunity before a potential further move down.

Takeaways

• Investors looking for a long-term entry on ETH should be watching the $2,600 - $2,750 zone.
• Setting a limit order near $2,750 is presented as a specific strategy to catch a potential bottom in this range.

Meta (META)

• The stock has fallen to its "most oversold level in three years," based on the Relative Strength Index (RSI), which is at 23. The last time the RSI was this low, the stock bottomed.
• Technically, META is approaching a significant support area around $550, which is a confluence of a trendline and a Fibonacci retracement level (0.786).
• This $550 level is described as a place where one might want to "take on a little bit of risk" for a potential bounce.

Takeaways

• Given the extremely oversold conditions, $550 is a key level to watch for a potential reversal or significant bounce.
• A long trade from this level could target a bounce back up towards the "death cross" (a bearish technical pattern where a short-term moving average crosses below a long-term one).

Crypto-Exposed Stocks (MSTR, COIN, CRCL)

• These stocks are highly correlated with the crypto market and are getting "absolutely smashed" during the current downturn. The speaker is holding long positions but is under significant pressure.
• MicroStrategy (MSTR): The next major support level is $152. If the market capitulates, a drop to $110 is possible.
• Coinbase (COIN): If Bitcoin continues to fall, the next support for COIN is around $207, which would be another 20% drop.
• Circle (CRCL): The stock is back at its IPO opening price of $69.

Takeaways

• The performance of these stocks is tied directly to Bitcoin's price. Holding them is a high-conviction bet on a crypto market bounce.
• If you are bearish on Bitcoin, these stocks will likely continue to fall. Watch key support levels at $152 for MSTR and $207 for COIN as potential areas for a bounce or a breakdown.

Solana (SOL)

• SOL has experienced a "round trip," falling back to its previous entry point of $129.
• A bearish reversal signal recently printed on the 3-day chart. The last time this signal appeared, SOL's price eventually fell by 50%.
• The key immediate support level is $129. The strategy is to look for long trades (bounces) from this level, but be ready to exit if it breaks.
• If $129 support fails, the next downside targets are $112 and then $98.

Takeaways

• $129 is the critical level for Solana. It can be traded as a range-low for a potential bounce.
• Be extremely cautious. A historical parallel suggests significant downside risk if $129 is lost. The next major supports are $112 and $98.

Grass (GRASS)

• This altcoin has been performing very well recently, described as "ripping" and "flying."
• The speaker is looking for a "revenge short," believing the price is overextended.
• Two potential zones to enter a short position are identified:
  • $0.755
  • $1.00 to $1.10
• A very aggressive ("Degen") play for a long entry was mentioned around $0.666.

Takeaways

• For traders with a high risk tolerance, Grass presents a potential shorting opportunity at $0.755 or between $1.00-$1.10.
• This is a volatile asset, and any position should be managed carefully.

Other Altcoin Setups

• H (H): A potential long entry is identified at $0.112, with a stop loss below $0.103. This is considered a high-risk "degen bet" that requires low leverage.
• XMR (Monero): A long entry zone is noted between $346 and $330, with a stop loss below $330. A lower backup zone is $315-$320.
• Pump (PUMP): The speaker entered a long position. The ideal entry zone is between $28.60 and $29.00. A backup support area is $27.60 - $28.00.
• Hype (HYPE): Two zones for potential long entries are $37.20 and $36.20.
• Asta (ASTA): Following a Coinbase listing and subsequent sell-off, a fresh long entry zone is identified between $1.11 and $1.15.
• Virtual (VIRTUAL): The chart is "screaming that it wants to reverse." A short-term bounce could occur at $0.99, but a more high-conviction long zone is much lower, between $0.84 and $0.89.
• Tau (TAU): A potential long entry zone is between $2.73 and $2.90, with the possibility of a dip to $2.70.
• Aero (AERO): After a full round trip, the key bounce zone is the previous low at $0.6935, which is described as a strong support area.