Palantir (PLTR) presents a high-conviction buying opportunity, with key accumulation zones identified between $130 and $133. Similarly, look for potential dip-buying entries in NVIDIA (NVDA) around $161 and Google (GOOGL) near $190 on continued weakness. In crypto, watch for a potential Bitcoin (BTC) relief bounce from its support at $111,000 - $112,500, targeting a move back towards the $120,000 liquidity zone. For altcoins like Solana (SOL) and Avalanche (AVAX) that have already bounced, consider taking profits as they approach resistance zones around $188 and $24.3 respectively. Finally, the pump in Sui (SUI) offers a strong exit or shorting opportunity as it nears the $3.99 resistance level.

Bitcoin (BTC)

• The market has been choppy, with market makers taking advantage of uncertainty ahead of Fed speakers and the Jackson Hole symposium.
• In the short term, Bitcoin is holding key support levels between $111,000 and $112,500.
• A bullish divergence is forming on the 2-hour chart, which suggests that despite the price making lower lows, momentum is shifting upwards. This could lead to a "monster short squeeze".
• A potential short-term bounce could send the price back towards the $120,000 region, which is a major area of liquidity (a "fun" zone).
• Key short-term resistance levels (danger zones) to watch are $114,000, $115,200, and $117,000.
• Longer-term, the speaker presented a bearish scenario where BTC could eventually fall to $93,000, which corresponds to a major macro 618 Fibonacci level. This is presented as a multi-week or multi-month possibility, not an immediate threat. The strategy is to trade the bounces and rejections level by level.

Takeaways

• Short-Term Bullish: There are signs of a potential short-term relief bounce. Traders might look for long entries near the current support levels ($111k - $112.5k).
• Take Profit Zones: If the price bounces, consider taking profits or hedging at resistance levels around $114k, $117k, and especially near $120k, which could be a major shorting opportunity.
• Long-Term Caution: While a bounce is expected, be aware of the longer-term bearish outlook. The trend could be lower over the next several weeks. Don't panic about the $93k target; instead, focus on the immediate price levels.

Major Tech Stocks (NVIDIA, Google, Palantir)

• Major tech stocks like NVIDIA (NVDA) and Palantir (PLTR) have seen significant sell-offs, which the speaker views as a de-risking event ahead of Jackson Hole. This sell-off is presented as a buying opportunity.
• NVIDIA (NVDA): The speaker is waiting for the stock to settle before building a position. Key entry zones to watch are $161 and $147.
• Google (GOOGL): After being rejected from its highs, the stock is showing signs of a reversal. Potential entry zones for a long position are $190 and $182.
• Palantir (PLTR): The stock has had a sharp sell-off but bounced perfectly off a key technical level (382 Fib). The speaker sees this as a major opportunity.
  • High-conviction buy zones are identified at $133 and $130. This area has a confluence of support from multiple indicators (Horizontals, 100-day MA, VWAP, Order Block).
  • The entire range from $133 down to $120 is considered a strong accumulation zone.

Takeaways

• Buy the Dip: The current weakness in high-performing tech stocks is framed as a buying opportunity, not a reason to panic.
• Set Limit Orders: For NVIDIA, Google, and especially Palantir, consider setting limit buy orders at the specified key support levels to enter positions if the price continues to drop.
• Palantir is a High-Conviction Play: The speaker is particularly bullish on Palantir in the $130 - $133 range, believing it offers significant upside potential and will trade like a volatile "shitcoin."

Solana (SOL)

• SOL successfully bounced from the discussed entry zone of $175 - $176.
• It is now approaching trend resistance, which is a danger zone.
• On the 3-day chart, there is a bearish divergence, suggesting that this bounce might not be sustainable and could lead to a lower high.
• Key rejection zones to watch for taking profit or hedging are $188 - $189 and $196.

Takeaways

• Take Profit on Strength: If you entered around the $175 level, consider taking some profits as the price approaches the $188 resistance area.
• Be Cautious: The higher timeframe chart suggests weakness. The strategy is to enjoy the bounce but be prepared for a potential rejection and another move down. Don't chase the pump if you missed the entry.

Ethereum (ETH)

• ETH bounced from the $4,000 support region.
• It is now in its first rejection zone around $4,350. A rejection here could send the price back down to $3,900.
• Similar to BTC and SOL, ETH is showing a bearish divergence on the 3-day chart, indicating that the medium-term trend could be downwards even if there's a short-term bounce.

Takeaways

• Danger Zone: Be cautious at the current price of $4,350. This is a logical place for the price to stall or reverse.
• Manage Positions: If you are in a long position, this is a good area to take some profit. If the price rejects here, the next support level to watch for a potential re-entry is $3,900.

Other Altcoins & Investment Themes

Pionex Trading Bots

• This is an automated trading strategy. The speaker strongly advises that users should only create or copy these bots on red days when the market is down.
• Starting a bot when the market is green means you are likely buying the top of a local move and will experience an immediate drawdown if the market corrects.
• The goal is to start the bots at good entry prices during a dip to capitalize on the subsequent recovery.

Curve (CRV)

• After consolidating for several days in the buy zone, CRV is now pumping significantly. This is highlighted as a lesson in patience.
• It is now approaching its first major resistance (a VWAP). A break above this would be very bullish.
• The key rejection zone to watch is $0.90 - $0.92.

Avalanche (AVAX)

• AVAX had a good bounce from a strong support area.
• It is now approaching several resistance levels where it would be wise to take profit.
• Key take-profit / rejection zones are $23.5, $24.3, and $25.

Pepe (PEPE)

• PEPE had a strong bounce off its 200-day moving average, a historically important support level.
• It is now at a critical resistance level (VWAP) around $0.00000106.
• A clean break and hold above this level would be very bullish and could signal further upside.

Bittensor (TAO)

• TAO wicked down to flush out traders before reversing higher from a key support level.
• The trade is still considered active.
• Reasonable upside targets for taking profit are $363 and $380.

Sui (SUI)

• SUI executed a perfect bounce from the 0.5 Fibonacci support level.
• The 3-day chart looks bearish, suggesting this pump might be a good opportunity to exit before a potential further drop.
• An incredible exit or potential short zone is identified at $3.99.