Solana (SOL) is showing strong bullish momentum after breaking key resistance, with the next major price target being $240. Based on a bullish fundamental thesis, consider building a long position in Pump.fun (PUMP) on any dips into the $45 - $50 support range. A potential reversal trade is active on Ethena (ENA), which can be entered near current prices with a defined stop loss on a candle close below $0.7441. For those looking to buy Ethereum (ETH), a higher conviction entry zone is identified on a pullback to the $4,350 - $4,320 area. Finally, watch for a potential bounce trade on Chainlink (LINK), with a key long entry opportunity identified between $23.15 and $22.89.

Bitcoin (BTC)

• The host notes that Bitcoin has been outperforming many altcoins, holding its ground relatively well after the CPI data release.
• A bearish divergence is forming on the 2-hour chart, which suggests that a price rejection or sell-off could be coming at some point.
• Key Support Levels:
  • $113,000 is mentioned as the first line of support and a good starting point.
  • $111,870 is another interesting support level, aligning with the 100-day moving average.
  • A major lower support level is identified at $105,000.
• Key Resistance Levels (Potential Rejection Zones):
  • Short-term resistance is between $115,200 and $115,900.
  • The top of the CME gap at $117,000 is a major resistance level.
  • Higher timeframe "danger zones" where a major rejection could occur are $114,500, $118,000, and $121,000.

Takeaways

• Bitcoin is showing relative strength, but traders should be cautious due to signs of a potential short-term pullback (bearish divergence).
• The price is currently between key support and resistance. A move towards the $115k - $117k range could be an opportunity for short-sellers, while a dip to $113k or $111.8k might be seen as a buying opportunity by bulls.

Ethereum (ETH)

• It was noted that ETH flipped BTC in 24-hour trading volume, which is generally considered a bullish sign for ETH.
• However, on the 2-hour chart, ETH is currently at resistance and looking bearish in the short term.
• The price saw a "pump and dump" after the CPI news, where it quickly rose to grab liquidity before falling back down.
• Potential Long Entry Zones (Bull Zones):
  • A "degen" (higher risk) entry could be considered around $4,385.
  • A higher conviction (safer) buying zone is identified between $4,350 and $4,320.

Takeaways

• While there are underlying bullish signs for ETH, the short-term technical picture suggests caution.
• Investors looking to buy ETH might consider waiting for a pullback to the $4,350 - $4,320 zone, which the host identifies as a stronger support area for a potential bounce.

Solana (SOL)

• The host mentioned that a "catch-up trade" on SOL is in motion, with the token performing well.
• It has broken through a major resistance level at $219 - $220.
• The next major price target to the upside is $240.
• For short-term or high-leverage traders, $222 is the first key support level to watch. A close below this level could signal a move down towards $217.

Takeaways

• Solana is showing strong bullish momentum after breaking a key resistance level.
• Current holders might target the $240 level for taking profits.
• Traders looking for a new entry could watch the $222 level for a potential bounce, but should be aware that a break below it would be a bearish sign. The risk for a long trade from current levels is about 2.7% down to that support.

Sui (SUI)

• The host expressed a cautious to bearish short-term view on SUI, stating it's at resistance and "looking a bit dodgy."
• The host has taken profits on their long position and opened a small short position as a hedge.
• A bearish divergence is visible on the 2-hour chart, suggesting a potential dip.
• The current price is in a zone of multiple resistance types (trendline, Fibonacci, horizontal), which is a typical area for price to be rejected.
• Resistance Levels: $3.63 (current) and $3.94.

Takeaways

• The host is not looking for fresh long positions on SUI at the moment due to it being at a significant resistance area.
• This is presented as a "hedge play." Investors who are long on SUI might consider taking some profits off the table, as the technicals suggest a risk of a short-term pullback. A break of the current uptrend would be a strong bearish signal.

Pump.fun (PUMP)

• A very bullish thesis was presented for PUMP.
• It is generating significant platform fees, nearly matching Hyperliquid (HYPE), but its market cap is only about one-third of HYPE's. This suggests PUMP may be undervalued in comparison and has significant room to grow.
• The host is actively looking for long entries on PUMP.
• Potential Long Entry Zones:
  • A "degen" (higher risk) support zone is at $52.
  • A stronger support area is between $50 (confluence of technical levels) and a box between $45 - $47.
• The host started a small, low-leverage (8x) long position, planning to add more if the price dips into the lower support zones.

Takeaways

• PUMP is highlighted as a potentially strong investment based on its revenue generation relative to its market cap.
• Investors could look for buying opportunities on dips. The $45 - $50 range is identified as a key area of interest for a potential bounce and a good place to build a position.

Hyperliquid (HYPE)

• The host is consistently bullish on HYPE and is always looking for long positions.
• There was recent bullish news that VanEck plans to file for a spot Hyperliquid staking ETF.
• The price is believed to be tracking towards a target of $58.
• It was noted that finding a fresh entry is difficult at the moment because the price has already moved up 4% from a recent low.

Takeaways

• HYPE is considered a strong asset with a bullish outlook, reinforced by positive ETF news.
• The price target to watch is $58. New investors might find it risky to enter now and may want to wait for a pullback before considering a position.

Oracle (ORCL)

• A major bullish catalyst was announced: Oracle has secured a $300 billion deal with OpenAI.
• This news caused a massive price surge ("beautiful god candle on the weekly").
• The host suggests that this is a long-term positive and that ORCL is a stock to add to a watchlist, similar to NVIDIA.

Takeaways

• The OpenAI deal is a significant fundamental positive for Oracle.
• The host advises patience, suggesting investors should let the initial "euphoria" from the news settle down before looking for an entry, with the expectation that the stock will "grind up over time."

Avalanche (AVAX)

• There was bullish news of a $1 billion funding raise for Avalanche.
• However, the price did not react strongly, suggesting the news may have already been priced in by the market.
• AVAX is currently at resistance, with two "danger zones" where price could be rejected: $30.50 and $32.80.
• A potential bullish scenario would be for the price to consolidate in a flag pattern before breaking out. Support for such a play would be the daily low of $28.30.

Takeaways

• Despite bullish news, AVAX is facing significant technical resistance.
• The host is cautious about opening fresh long positions here. Traders could watch for a breakout above $32.80 or a bounce from support at $28.30, but the current level is considered a risky entry point.

Ethena (ENA)

• ENA has dropped into the host's "win entry zone," and a long trade has been initiated.
• The host notes that ENA did not pump with the rest of the market, which could mean a reversal is coming soon.
• The trade is now active. The stop loss is a candle close below $0.7441.
• A backup plan is in place: if the market capitulates, a bounce could be expected at the next support level of $0.729.

Takeaways

• ENA is presented as a potential reversal play. The host has entered a long position after a period of downward price action.
• This is a specific trade setup. Investors following this idea would enter around the current price with a clear stop loss below $0.7441 and a secondary buy-zone target at $0.729 if the first level fails.

Other Notable Mentions

• Trust Wallet Token (TWT):

  • Considered "overcooked" and in a "dangerous zone" after a strong pump.
  • A high-risk short setup was discussed with a wide stop loss (5-6%) and low leverage, targeting a potential 10% drop. This is a high-risk, high-reward play.

• Grass:

  • The host opened a short position on Grass.
  • The entry was at the current price with a stop loss at $0.857. This is a hedge play against a potential market downturn.

• Super (SUPER):

  • A potential long opportunity based on the gaming narrative.
  • The host likes the area around $0.565 to start buying, with a stop loss on a 2-hour close below $0.536.

• Virtual (VIRTUAL):

  • Bullish fundamental news about fee generation for token holders.
  • The host is in a high-leverage (25x) long position from a "degen" entry zone. A "higher conviction" (safer) bounce zone was identified lower down, offering a potential 6-10% bounce play.

• Chainlink (LINK):

  • A potential bounce zone and long entry opportunity is identified between $23.15 and $22.89. This was being prepared as the next "win entry" trade.

• Gold:

  • The host is actively shorting Gold, citing bearish divergence on the 12-hour chart. They see it as a 2% risk trade for a potential 5-6% gain.

• Dogecoin (DOGE):

  • Used for a speculative, high-leverage (75x) long trade by the show's "chicken," Jeff. This was presented as entertainment and a "degen" gamble rather than a serious investment thesis.