These Altcoins Will Win The FOMC Trade! [Early Setups]
These Altcoins Will Win The FOMC Trade! [Early Setups]
192 days agoโ€ขCrypto 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
The FOMC meeting is tomorrow, and the market is heating up! Dylan breaks down the altcoins set to move first as traders position ahead of the announcement. In this episode, he reveals early setups, key zones, and what to watch before the volatilityย hits. ___________________________________________ ๐ŸŽ“ ๐——๐˜†๐—น๐—ฎ๐—ปโ€™๐˜€ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ซ๐—ฐ๐—ฒ๐—น๐—ฒ๐—ฟ๐—ฎ๐˜๐—ผ๐—ฟ ๐—ฆ๐—ฐ๐—ต๐—ผ๐—ผ๐—น - ๐— ๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ถ๐—ป ๐Ÿญ๐Ÿฌ ๐——๐—ฎ๐˜†๐˜€! ๐Ÿ‘‰ Trading Xcelerator | Crypto Schoolย  ๐Ÿš€ ๐—–๐—ต๐—ฎ๐—ฟ๐˜ ๐—›๐—ฎ๐—ฐ๐—ธ๐—ฒ๐—ฟ๐˜€ - ๐——๐˜†๐—น๐—ฎ๐—ปโ€™๐˜€ ๐—˜๐˜…๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐—ฟ๐—ฑ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—š๐—ฟ๐—ผ๐˜‚๐—ฝ! ๐Ÿ‘‰ Join Chart Hackers ___________________________________________ ๐—–๐—›๐—˜๐—–๐—ž ๐—ข๐—จ๐—ง ๐——๐—ฌ๐—Ÿ๐—”๐—กโ€™๐—ฆ ๐—ฃ๐—”๐—ฅ๐—ง๐—ก๐—˜๐—ฅ ๐—˜๐—ซ๐—–๐—›๐—”๐—ก๐—š๐—˜๐—ฆ โฌ‡๏ธ ๐Ÿš€ ๐—–๐—ข๐—œ๐—ก๐—˜๐—ซ - ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ฒ, ๐—˜๐—ฎ๐—ฟ๐—ป & ๐—ฆ๐˜‚๐—ฝ๐—ฒ๐—ฟ๐—ฐ๐—ต๐—ฎ๐—ฟ๐—ด๐—ฒ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—š๐—ฎ๐—ถ๐—ป๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐—˜๐˜…๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—•๐—ผ๐—ป๐˜‚๐˜€๐—ฒ๐˜€! ๐Ÿ‘‰ CoinEx Sign Up ๐Ÿ’ฐ ๐—•๐—ง๐—–๐—– - ๐—จ๐—ฝ ๐˜๐—ผ $๐Ÿญ๐Ÿฌ ๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ถ๐—ป ๐—•๐—ผ๐—ป๐˜‚๐˜€! ๐—ก๐—ผ ๐—ž๐—ฌ๐—–! ๐Ÿ‘‰ BTCC Welcome Bonus ๐Ÿณ ๐—ช๐—˜๐—˜๐—ซ - ๐—ช๐—ฒ๐—น๐—ฐ๐—ผ๐—บ๐—ฒ ๐—•๐—ผ๐—ป๐˜‚๐˜€ ๐—จ๐—ฝ ๐—ง๐—ผ $๐Ÿฏ๐Ÿฌ ๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—จ๐—ฆ๐——๐—ง! ๐Ÿ‘‰ WEEX Sign Up Bonusย  โ˜„๏ธ ๐—•๐—Ÿ๐—ข๐—™๐—œ๐—ก - ๐—š๐—ฒ๐˜ ๐˜‚๐—ฝ ๐˜๐—ผ $๐Ÿฐ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ถ๐—ป ๐—•๐—ผ๐—ป๐˜‚๐˜€๐—ฒ๐˜€, ๐—ก๐—ผ ๐—ž๐—ฌ๐—– ๐—ผ๐—ฟ ๐—ฉ๐—ฃ๐—ก ๐—ฟ๐—ฒ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ๐—ฑ! ๐Ÿ‘‰ Blofin Welcome Bonus ๐Ÿ’ต ๐—•๐—ฌ๐—•๐—œ๐—ง - ๐—ฆ๐—ฐ๐—ผ๐—ผ๐—ฝ ๐˜‚๐—ฝ ๐˜๐—ผ $๐Ÿฏ๐Ÿฌ๐—ž ๐—ถ๐—ป ๐—ช๐—ฒ๐—น๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ฅ๐—ฒ๐˜„๐—ฎ๐—ฟ๐—ฑ๐˜€! ๐Ÿ‘‰ BYBIT Welcome Bonus ๐Ÿ”ฅ ๐—•๐—œ๐—ง๐—™๐—จ๐—ก๐——๐—˜๐—— - ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ฒ ๐—ช๐—ถ๐˜๐—ต ๐—ข๐˜๐—ต๐—ฒ๐—ฟ ๐—ฃ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒโ€™๐˜€ ๐— ๐—ผ๐—ป๐—ฒ๐˜†! ๐Ÿ‘‰ Bitfunded Register ___________________________________________ ๐Ÿ—ž๏ธ ๐—–๐—ฅ๐—ฌ๐—ฃ๐—ง๐—ข ๐—ก๐—˜๐—ช๐—ฆ๐—Ÿ๐—˜๐—ง๐—ง๐—˜๐—ฅ๐—ฆ - ๐—ฆ๐—ถ๐—ด๐—ป ๐—จ๐—ฝ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ฅ๐—˜๐—˜!! ๐Ÿ“ฌ ๐—ง๐—ต๐—ฒ ๐——๐—ฎ๐—ถ๐—น๐˜† ๐—–๐—ฎ๐—ป๐—ฑ๐—น๐—ฒ - https://bit.ly/DC-Dylan ๐Ÿ“ฌ ๐—š๐—ผ๐—ผ๐—ฑ ๐— ๐—ผ๐—ฟ๐—ป๐—ถ๐—ป๐—ด ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ - https://bit.ly/GMC-Dylan ๐Ÿ“ฃ ๐—›๐—ผ๐˜€๐˜ ๐—–๐—ต๐—ฎ๐—ป๐—ป๐—ฒ๐—น๐˜€: ๐Ÿ‘‰ ๐——๐˜†๐—น๐—ฎ๐—ป ๐—ผ๐—ป ๐—ซ: https://x.com/thelordofentryย  ___________________________________________ ๐Ÿ‘๏ธโ€๐Ÿ—จ๏ธ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—•๐—ฎ๐—ป๐˜๐—ฒ๐—ฟ ๐—ฎ๐—ฏ๐—ถ๐—ฑ๐—ฒ๐˜€ ๐—ฏ๐˜† ๐˜๐—ต๐—ฒ ๐—ณ๐—ผ๐—น๐—น๐—ผ๐˜„๐—ถ๐—ป๐—ด ๐—ฐ๐—ผ๐—ฑ๐—ฒ ๐—ผ๐—ณ ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜‚๐—ฐ๐˜:ย  Our Ethics โ€“ Crypto Banter We take our code of ethics very seriously and have engaged @zachxbt (ZachXBT) to monitor our progress. If you feel weโ€™re not living up to it and have hard evidence please mail ZachXBT directly at reportcb@protonmail.com โš ๏ธ ๐—•๐—˜๐—ช๐—”๐—ฅ๐—˜ ๐—ข๐—™ ๐—ฆ๐—–๐—”๐— ๐— ๐—˜๐—ฅ๐—ฆ ๐—œ๐—ก ๐—ข๐—จ๐—ฅ ๐—–๐—ข๐— ๐— ๐—˜๐—ก๐—ง๐—ฆ ๐—”๐—ก๐—— ๐—–๐—ข๐— ๐— ๐—จ๐—ก๐—œ๐—ง๐—ฌ ๐—–๐—›๐—”๐—ก๐—ก๐—˜๐—Ÿ๐—ฆ ___________________________________________ ๐Ÿ“ ๐——๐—ถ๐˜€๐—ฐ๐—น๐—ฎ๐—ถ๐—บ๐—ฒ๐—ฟ: Crypto Banter is a social podcast for entertainment purposes only! All opinions expressed by the hosts, guests, and callers should not be construed as financial advice. The views expressed by the hosts and guests do not reflect the views of the station. Listeners are encouraged to conduct their own research.
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