Consider buying AAVE on a dip into the $221 - $219 support zone, as a bullish continuation bounce is expected very soon. For a bullish play, watch ETH for a breakout above $3,900, which could trigger a move towards the $4,030 price target. Analysts are highly bearish on XRP, viewing any rally into the $2.57 - $2.62 range as a prime opportunity to open a short position. DASH is approaching major resistance, presenting a potential short trade opportunity around the $80 level. Similarly, consider shorting the overextended rally in AIOT with entries planned at $0.84 and $0.91, but use low leverage due to high risk.

Bitcoin (BTC)

• The hosts describe BTC as being in a very tight, simple range with not much action at the moment.
• Resistance Zone: $110,000 to $110,700.
• Support Zone: Currently holding support at $109,200. A more significant support level is at $108,000.
• Short Zones: They have identified two areas where they would consider shorting Bitcoin with conviction:
  • Medium Conviction Short: $112,500
  • High Conviction Short: $114,000

Takeaways

• BTC is currently range-bound, making it less interesting for trades compared to some altcoins.
• Traders could watch for a dip into the $109,200 support for a potential bounce. A break below could see it test $108,000.
• If Bitcoin rallies, the hosts see $112,500 and $114,000 as key areas to look for a reversal or to place short trades.

Ethereum (ETH)

• ETH is showing relative strength compared to other major cryptocurrencies like Solana.
• It successfully held its "bull zone" during a recent dip, finding support at the VWAP (Volume-Weighted Average Price) and the 38.2% Fibonacci level.
• Key Levels:
  • Support/Cut Zone: A daily close below $3,800 would be a signal to exit long positions.
  • Resistance: A key resistance band is at $3,900.
  • Price Targets: If ETH breaks through $3,900, the hosts see potential for a move to $4,030 or even $4,190 if momentum is strong.
• The ETH/SOL chart indicates that ETH is currently outperforming Solana (SOL), suggesting it might be the better asset to trade for a long position at the moment.

Takeaways

• Bullish sentiment on ETH as long as it holds above $3,800. It is currently showing more strength than SOL.
• A breakout above $3,900 could be a trigger for a fresh long position, with potential targets at $4,030 and $4,190.
• Traders looking to choose between ETH and SOL may find ETH to be the stronger play for now.

AIOT (AIOT)

• After a long period of consolidation, AIOT is in the middle of a breakout. The daily chart suggests the move might just be starting.
• However, lower timeframes (like the 1-hour chart) are showing some signs of exhaustion (bearish divergence), indicating a potential for a short-term pullback.
• The hosts believe it could push another 20% higher before a major rejection.
• Short Entry Plan:
  • First entry: $0.84
  • Second entry: $0.91
• They recommend using low leverage (e.g., 4x) and isolated margin for this trade, especially for newer traders, due to the high volatility.

Takeaways

• AIOT is a high-risk, high-reward play. While the trend is currently up, the hosts are looking to short it at higher levels.
• Actionable short entries are identified at $0.84 and $0.91. This is a reversal trade, betting against the strong upward momentum.
• Given the risk, using isolated margin is a wise move to protect your main account balance from liquidation.

Aave (AAVE)

• AAVE had a very successful trade, hitting the hosts' fourth take-profit target at $233.
• They are now looking for a "continuation play," which means buying a dip in anticipation of the uptrend continuing.
• The price is currently sitting in a "bull zone" which could act as support for a bounce.
• Bounce Zone: $221 down to $219.
• The hosts believe a reversal and move higher could happen very soon, possibly "less than an hour away."

Takeaways

• AAVE has strong bullish momentum.
• Investors looking for a long entry could consider the $221 - $219 zone as a high-probability area for a bounce.
• This is a potential continuation trade, aiming to ride the next wave of the existing uptrend.

Dash (DASH)

• The hosts describe DASH as a "shitcoin" that has been in a "lifetime downtrend" but is now showing signs of life.
• It is approaching a major resistance level.
• They are looking to build a short position, betting that the rally will fail at resistance.
• Short Entry: Around $80, with one host specifically entering at $80.07.
• Risk: They recommend using "super low leverage" because if the $80 level breaks, the price could run up to $105.

Takeaways

• Bearish sentiment on DASH's rally. The hosts view this as an opportunity to short into strength.
• A potential short trade can be initiated around $80.
• This is a counter-trend trade, which carries significant risk. If the trade goes wrong, the next major resistance is far higher at $105.

XRP (XRP)

• The hosts express a strong bearish sentiment towards XRP, stating they "love shorting XRP."
• They believe any pump in price is an opportunity to add to a short position.
• Big Short Zone: $2.57 to $2.62. This is described as a "beautiful short zone."
• One host is currently in a $43,000 short position, waiting for it to "roll over eventually and hopefully go to zero."

Takeaways

• The analysis is extremely bearish on XRP.
• For traders who share this view, any rally into the $2.57 - $2.62 resistance area is presented as a prime opportunity to open or add to a short position.
• This is a high-conviction bearish call from the hosts.

Investment Themes & Other Mentions

"Shitcoin Casino" Strategy

• Concept: The hosts frequently trade highly volatile, low-cap altcoins by shorting massive pumps. They refer to this as playing the "shitcoin casino."
• Strategy: Wait for a coin to pump aggressively, then enter a short position at a pre-defined resistance zone.
• Risk Management: Use small position sizes, wide stop losses, and patience, as these coins can pump further than expected before reversing.
• Examples mentioned: Velodrome Finance (VELO) and Taro (TARO) were successful shorts from the previous day based on this strategy.

Scalp & Momentum Trades

• The hosts entered several small, risky "scalp" trades during the show, aiming to catch short-term momentum. They stressed these are "dumb" or high-risk plays.
• Dupe (JUPE): A small long position was opened to trade a bounce off the VWAP. The trade started moving in their favor during the show.
• Pingu (PINGU) & Sonic (S): The hosts took small "nibble" long positions on both, acknowledging they were longing directly into resistance. The plan is to add more on a successful retest if the breakout holds. This is a high-risk momentum strategy.

Key Setups & Levels

• ICP (ICP): Looking for a long entry on a pullback to the $3.25 - $3.15 zone, anticipating a continuation of its recent pump.
• Avax (AVAX): The chart looks "obliterated." A long entry could be considered on a pullback to $18.30 - $18.40, but a key weekly level must hold to prevent a drop to $17.
• Near Protocol (NEAR): A long trade is active, looking for continuation. The hosts also identified a "peak arousal" short setup much higher up at the 786 Fib level and an anchor VWAP.
• Brett (BRETT): The coin is approaching a "danger zone." A potential hedge short opportunity exists around $0.297 if it pumps another 4-6%.
• Mog (MOG): The coin is pumping hard. The hosts advise against longing the top and have identified excellent short zones much higher at $0.00000639 and $0.000007644.
• Doge (DOGE): A "double play" setup was presented for prop firm traders: a long entry at $0.18164 or a short from a higher VWAP level if the price rallies first.