These Altcoins Will Win The FOMC Trade! [Early Setups]
These Altcoins Will Win The FOMC Trade! [Early Setups]
237 days agoCrypto Banter
Podcast1 hr 5 min
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Consider shorting Hedera (HBAR) between $2.16 - $2.22 and Litecoin (LTC) between $104 - $107, as both have run into major resistance following recent positive news. For a potential long position, look to buy Solana (SOL) if it dips to the $191 - $194 support area. A drop to the key support level of $111,400 for Bitcoin (BTC) is also viewed as a strong buying opportunity. A strong bearish bias remains on XRP, with the $0.269 - $0.276 range identified as a potential shorting zone. Finally, a pending buy order for Sui (SUI) is set at the $2.52 support level, presenting another dip-buying opportunity.

Detailed Analysis

Here are the investment insights from the podcast transcript.

Bitcoin (BTC)

  • The hosts expect high volatility for Bitcoin around the upcoming FOMC (Federal Open Market Committee) meeting. They advise having a plan for both upward and downward price movements.
  • A significant resistance area, or "rejection zone," is identified at $116,500. The speaker notes that shorting Bitcoin at this level makes sense from a technical perspective.
  • If the market starts to rally hard into the FOMC announcement, the next major rejection zone is between $119,500 and $121,000. This is also viewed as a potential shorting opportunity.
  • Conversely, a sharp sell-off leading into the FOMC is viewed as a bullish opportunity to buy.
  • A key support level, or "bull zone," is identified at $111,400. This level coincides with the bottom of a widely discussed CME gap, making it a strong area of interest for potential long positions.
    • Backup support levels are mentioned at $109,900 and the 200-day moving average at $108,900.

Takeaways

  • Be prepared for volatility. The FOMC meeting is expected to cause significant price swings. Using smaller position sizes and wider stop-losses is advised.
  • Potential Short Zone: Consider taking profits or opening a short position if BTC rallies into the $116,500 or $119,500 - $121,000 resistance zones.
  • Potential Long Zone: A drop to the $111,400 support level could be a strong buying opportunity.

Ethereum (ETH)

  • ETH is currently turning over on the one-hour chart, but a drop to the $4,040 level could create a bullish divergence, which is a technical signal that often precedes a price bounce.
  • The speaker is waiting to add to their long positions in the support region around $3,960.
  • If ETH experiences a strong pump leading into the FOMC, there are major resistance zones at $4,230 and $4,290 that could act as areas for a price rejection or a short-term shorting opportunity.

Takeaways

  • Potential Buy Zones: Look for potential bounces or long entries around $4,040. A stronger support level for buying is near $3,960.
  • Potential Sell/Short Zone: If the price rallies strongly, the $4,230 - $4,290 range is a key area of resistance to watch.

Solana (SOL)

  • The recent price strength is attributed to the news of a Solana ETF set to begin trading.
  • The "premium bull zone" for a potential long entry is identified between $191 and $194.
  • A backup buy zone, especially if there is high volatility from the FOMC, is at $187.
  • If the market rallies before or during the FOMC, a major rejection area for SOL is between $211 and $216. The speaker warns against "max longing" in this zone, as it's a strong resistance.

Takeaways

  • Key Buy Zones: Consider opening long positions if SOL dips to the $191 - $194 support area. A deeper drop to $187 offers an even stronger buying opportunity.
  • Key Sell Zone: The $211 - $216 range is a significant resistance level, making it a potential area to take profits or consider a short.

Hedera (HBAR)

  • Following the news of its ETF launch, HBAR has pumped into a major resistance level, which is often a "sell the news" scenario.
  • The speaker has initiated a small short position as a hedge, viewing the current levels as a good risk/reward opportunity for a pullback.
  • The potential short entry zone is between $2.16 and $2.22.
  • An exit plan for this short trade would be a candle closing above the recent wick high, around $2.214.

Takeaways

  • Short-term Bearish: The sentiment is bearish for the short term, as the price has hit a key resistance level after positive news.
  • Potential Short Trade: A short position could be considered in the $2.16 - $2.22 zone, with a clear invalidation level if the price closes above $2.214.

Litecoin (LTC)

  • Similar to HBAR, Litecoin has also seen a pump due to ETF news and has run into a significant technical resistance zone (horizontal resistance, 618 Fib, 50-day MA).
  • This is viewed as a potential rejection point.
  • The "danger zone" and potential short opportunity is identified between $104 and $107.

Takeaways

  • Short-term Bearish: LTC is at a major resistance level, suggesting a pullback is possible.
  • Potential Short Zone: The $104 - $107 range is a key area to watch for a potential price rejection and shorting opportunity.

Hyperliquid (HYPE)

  • The token has been respecting its support at $45.80 (described as a 236 Fib and 50-day MA combo). The strategy is to keep buying this level until it fails.
  • If support breaks, the next major buy zone is between $41.90 and $43.67. A 10-12% dump into this zone is considered a clear buying opportunity.
  • The primary resistance and take-profit target on the upside is $50.70.

Takeaways

  • Buy the Dip: HYPE is considered a good asset to buy on market weakness. The $45.80 level is the current support to watch.
  • Stronger Buy Zone: If the market sees a larger correction, the $41.90 - $43.67 area is a prime zone to accumulate.
  • Resistance: The main target for taking profits on a rally is $50.70.

Other Altcoins & Stocks

  • XRP: The speaker maintains a strong bearish bias. Key resistance and a potential shorting zone is $0.269 - $0.276. A close above $0.277 would invalidate the bearish thesis.

  • Sui (SUI): The token bounced from its "bull zone." A key support level and an area with a pending buy order is at $2.52. A dip to this level is seen as a buying opportunity.

  • Brett (BRETT): The main support region is $0.0029. A dip of about 6% into this level is viewed as a "very nice" opportunity to open a long position.

  • Aerodrome (AERO): This token is at a major downtrend resistance. A breakout could lead to targets of $1.04, $1.11, and $1.19. The recommended strategy is to take a small position on the breakout and look to add more on a successful retest of support around $0.95.

  • NASDAQ (Index): The long-term outlook is bullish, with a max target of 26,350. However, a short-term pullback is expected. A key "buy the dip" zone for a swing trade is identified at 25,220, which is about a 2.7% drop from current levels.

  • Netflix (NFLX): The stock is giving mixed signals. It has closed below its 200-day moving average, a bearish sign that could present a short opportunity. However, a daily reversal pattern is also forming, which has historically led to bounces. This makes the trade uncertain.

  • Amazon (AMZN): A large, bearish "double top" pattern is visible on the weekly chart. This, combined with earnings this week, suggests caution. A sell-off could present an opportunity to trade a bounce from lower support levels.

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Episode Description
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