A long position on Netflix (NFLX) is attractive as the stock has pulled back to its 200-day moving average, with a suggested exit on a daily close below $1,100. With earnings approaching, consider a long entry on Tesla (TSLA) if the price drops into the $410 to $396 zone, which represents a key support area. Although the Kadena (KDA) project is shutting down, avoid shorting it immediately and instead wait for an expected price squeeze before entering a short position. A long position on ENA is being initiated around the major support zone of $0.427. Finally, watch for a potential short entry on Zcash (ZEC) if the price pumps into the $268.50 to $272 resistance range.

Bitcoin (BTC)

• The market is described as choppy and volatile, with a recent "full bitcoin round trip" where the price pumped and then dumped.
• The speaker is watching the weekend low as a key level they expect to be taken out. A sweep of this low into the 106k down to 105,700 area is seen as a potential long zone.
• Support: The main support level is $107,500. This area is significant as it also contains the 200-day moving average.
• Resistance: A local VWAP (Volume Weighted Average Price) at $109,300 is acting as resistance. The zone between $110,300 and $111,000 is identified as a potential area for a "lower high" and a possible short opportunity. The major rejection zone remains at $114,000.
• The CME gap that was previously open has been closed.
• If the current support zone fails, the next major long zone is identified between $100,000 and $98,200.

Takeaways

• The speaker has a bearish short-term bias, expecting a drop to take out the weekend low before a potential bounce.
• Potential Long Entry: A long trade could be considered in the $106,000 down to $105,700 zone if the price drops to that level.
• Potential Short Entry: A short trade could be considered around the $111,000 level if the price bounces that high, as it could form a lower high.
• The market is highly reactive to news, so caution and smaller position sizes are advised. A hedging strategy (having both long and short positions) is recommended over a one-directional approach.

Netflix (NFLX)

• Netflix had a miss on its earnings per share ($5.87 vs $6.97 expected), which is seen as a negative sign.
• Despite the bad news, the price has dropped to its 200-day moving average (MA). The speaker states, "what do we do at the 200-day moving average with stocks? We long them."
• A long position was initiated based on the price hitting this key moving average.

Takeaways

• Action: A long trade was taken on NFLX because it hit the 200-day MA, which is viewed as a strong support level for stocks.
• Risk Management: A clear exit plan was stated: exit the trade if the price has a daily close below $1,100.

Gold (XAU/USD)

• The speaker is in a successful short position on Gold and is feeling "smug" about the trade.
• Gold has had a large drop, on track for its largest two-day drop since 2013. The speaker mentions the anecdotal sign of retail investors lining up to buy gold as a potential "top signal."
• Trader's Dilemma: The speaker discusses two options:
  1. Take profit on the short now and secure the gains.
  2. Hold the short and potentially add to the position if Gold bounces back up to a resistance level (like a 618 or 786 Fibonacci level), aiming for a larger swing trade. This is considered a riskier but potentially more rewarding strategy.

Takeaways

• The sentiment on Gold is bearish.
• For traders already short, the decision is whether to secure profits or hold for a potentially larger move down, with the risk of giving back some gains on a bounce.
• For those not in a trade, a potential strategy is to wait for a bounce and look for a short entry on a lower high.

Astar (ASTR)

• Referred to as "Astar the disaster."
• A 50x leverage long trade was placed based on the "shitcoin wheel of fortune" but was quickly stopped out ("lickies").
• The speaker notes that everyone they know who has used the Astar DEX has said it's the "worst of all these dexes" and was "thrown together quick."
• The price is dropping as people who received the airdrop are selling.

Takeaways

• The sentiment is highly bearish.
• The underlying project is rumored to be of poor quality, which could lead to a lack of user adoption and further price decline.
• Given the failed long attempt and negative commentary, this is presented as an asset to be very cautious with.

COAI

• Described as extremely volatile, "doing disgusting things," and being up 47% on the day.
• The speaker warns that trading it means you should be "prepared to get your fingers a little bit burnt."
• A 20x leverage short was placed based on the "shitcoin wheel of fortune," but it was quickly liquidated.

Takeaways

• This is a high-risk, high-volatility asset.
• The attempt to short it after a massive pump failed, highlighting the danger of trading against strong momentum. Extreme caution is advised.

Kadena (KDA)

• The organization behind Kadena announced it is "no longer able to continue business operations," effectively meaning the project is dead.
• The price has collapsed, and the speaker notes someone is down 96% from the all-time high.
• Warning: The speaker strongly advises against shorting KDA immediately. They expect market makers to engineer a "squeeze" to liquidate the crowd of people piling into shorts.

Takeaways

• The project is fundamentally worthless as it is shutting down.
• Actionable Insight: Do not short the asset right now. The recommended strategy is to wait for a squeeze pump and then look for a short entry on that bounce, as the project is ultimately going to zero.

Ethereum (ETH)

• The phrase "ETH is back in range" is seen as a bearish sign.
• The MACD indicator on the one-week chart has crossed bearish, which historically has led to a downtrend for several weeks.
• Buyers stepped in at the 786 Fibonacci retracement level (around $3,760 to $3,710), creating a bounce.
• A wider stop-loss for a long in this area could be placed around $3,660.

Takeaways

• The higher timeframe outlook is turning bearish.
• While short-term bounces can be played, the overall trend may be shifting downwards.
• A potential scalp long could be attempted in the $3,760 - $3,710 zone, but given the bearish weekly signal, it's a counter-trend trade and should be managed with caution.

Solana (SOL)

• Experienced a small, "annoying" bounce of only 2.6% from a support zone.
• If the price continues to fall, the next potential bounce zone is identified between $179 and $176.
• The 200-day moving average is highlighted as a key support level to watch if the price drops significantly.

Takeaways

• The bounces are weak, indicating a lack of strong buying pressure.
• For those looking to go long, a potential entry could be in the $179 - $176 zone.
• The 200-day MA represents a stronger, more significant level of support to watch below the current price.

Other Stocks & Altcoins

• Tesla (TSLA): Earnings are coming up. If the price drops after the announcement, a "beautiful long zone" is identified between $410 and $396. This area includes a gap fill and the 50-day MA.
• Palantir (PLTR): A long trade was entered. The speaker suggests an exit plan if the price has a daily close under $168.
• Dupe (DUPE): Price action is poor, but the project is shipping new products (prediction markets). A potential long entry could be considered on a dip into the $0.32 - $0.33 region, but this trade is highly dependent on Bitcoin's performance.
• Sui (SUI): A bounce occurred from the $2.37 - $2.36 support zone. If this level fails, the next support and potential long entry zone is at $2.27.
• Zcash (ZEC): A bearish Head and Shoulders pattern may be forming. The speaker suggests waiting for a pump into the $268.5 - $272 range to look for a short entry.
• Hype (HYPE): The chart looks good after bouncing strongly from two support zones.
  • Bullish Plan: Look to add to a long position on a pullback into the 382 or 0.5 Fibonacci level.
  • Bearish Plan: Look for a short entry at resistance zones, specifically $36.87 or $37.50.
• ENA: After being stopped out on two long attempts, the price has dropped into a major support zone around $0.427 (the 618 Fib level). The speaker has entered a long position here.
• XRP: A small bounce occurred from a support zone. A backup support zone and potential long entry is at $2.32. The speaker is in a scalp long but also holds a longer-term short.