With the market showing weakness, consider setting buy orders at strong support levels rather than buying at current prices. A high-conviction opportunity exists for Sui (SUI) in the support zone between $3.58 and $3.53. For a thesis-driven investment, accumulating Aerodrome Finance (AERO) near $1.25 could make you eligible for the upcoming Base airdrop. Another potential long trade is on Brett (BRETT), which has a very strong support zone at $0.05 where a significant bounce could occur. Conversely, if Ethena (ENA) rallies, the $0.738 resistance level is identified as a prime zone to consider a short position.

General Market & Macro Insights

• The speaker notes the market is in a rough state, describing it as "absolutely collapsing." However, they believe this could be the perfect time for an altcoin bounce, as many cryptocurrencies are sitting at key support levels.
• Bearish Factors: Two major factors are contributing to the market-wide "de-risking":
  • The Japan Carry Trade: The potential unwinding of this trade, where investors borrowed cheap money from Japan to invest elsewhere (like US Treasuries), is causing fear. As Japan's interest rates rise, investors may be forced to sell assets to pay back loans, creating massive selling pressure.
  • Triple Witching Day: A historic $5 trillion in options were set to expire, which typically leads to volatility and de-risking ahead of the event.
• Weekend Outlook: The speaker is cautious about the weekend, mentioning a "bear moon" on Sunday, which has historically correlated with price drops. They advise that if the market pumps over the weekend, it might be a good time to take profits ("GTFO").

Takeaways

• The overall sentiment is bearish, but the speaker is actively looking for short-term bullish bounces from specific support levels on various altcoins.
• Strategy: Be cautious and prepared for more downside. It might not be wise to invest heavily at current levels. A good strategy could be to set buy orders at lower, stronger support levels in case of another market flush.
• Trading Bots: The speaker suggests that a significant red day like this is a good opportunity to start dollar-cost averaging into positions using automated trading bots.

Bitcoin (BTC)

• The speaker identifies $115,350 as the first key support zone where a bounce could occur. BTC was sitting in this zone during the podcast.
• However, they warn that Bitcoin sometimes fakes a bounce before dropping lower to "rinse" traders. A potential target for this is the wick low at $114,700.
• An even stronger, "beautiful" support zone is identified at $113,800. A drop to this level would be painful for altcoins but would present a great buying opportunity for BTC.
• On the upside, if BTC bounces, it will likely face resistance at $116,400 and $117,000. The major rejection point that triggered the recent drop was at $118,000.

Takeaways

• For Longs (Buyers): Consider entering a position around the $115,350 level, but be prepared for a potential drop to $114,700 or even the stronger support at $113,800.
• For Shorts (Sellers): If BTC rallies, the $116,400 - $117,000 range could be a potential area to look for short-selling opportunities or to take profit on long positions.

Pengu (PENGU)

• The speaker had previously shorted PENGU (betting on its price going down) and successfully closed the trade after it hit their second take-profit target.
• The area where the short trade was closed is now considered a likely zone for a bullish bounce.

Takeaways

• The short trade is over. The focus has now shifted to looking for a long (buy) opportunity.
• Potential Buy Zones: The speaker identifies $0.35 as a primary long zone, with a backup support level at $0.338.

Solana (SOL)

• SOL is described as being in a "bounce zone" right now.
• The current support is around $235.50.
• If that level fails, a stronger support zone is identified between $233 and $231.

Takeaways

• SOL is at a level where a bounce is possible.
• Entry Strategy: One could enter a long position at the current level.
• Risk Management: A candle closing below $235.50 could be a signal to exit the trade, as it would likely head toward the $231 - $233 zone.

Sui (SUI)

• The first potential bounce zone at $3.65 is currently in play.
• The speaker highlights an "absolute banger" (very strong) support zone between $3.58 and $3.53. This area has multiple technical indicators converging, making it a high-conviction area for a bounce.

Takeaways

• Entry Strategy: A trader could take a position at the current $3.65 level. However, the stronger buying opportunity appears to be in the $3.53 - $3.58 range. It may be wise to save capital for that zone.
• Risk Management: For a trade at the current level, a candle closing below $3.634 would be a bearish sign.

Brett (BRETT)

• The speaker has entered a long position on BRETT, as it has dropped into a zone with multiple support indicators.
• The first support zone is around $0.052.
• A second, very strong ("banger") support zone is identified at $0.05. The speaker notes that a bounce from this level could be "monumental."

Takeaways

• BRETT is at a key decision point. One could enter a long position now, following the speaker.
• A more conservative approach would be to wait and see if the price drops to the stronger $0.05 support level before buying.

Virtual (VIRTUAL)

• The speaker has entered a long position on VIRTUAL at $1.263, which is right off a key support level.
• They have a second, lower buy order waiting at $1.23 in case the price drops further.
• The zone between $1.225 and $1.218 is described as an "absolute banger" of a support region.

Takeaways

• Entry Strategy: The speaker is using a two-part entry strategy. You could enter a partial position now and place a second buy order near the $1.23 level to average down if the price falls.
• Risk Management: A sustained price close below $1.26 would invalidate the initial bounce idea and likely lead to a test of the lower support zone.

Ethena (ENA)

• The speaker has a bearish outlook on ENA's daily chart, stating it "looks like it's coming down."
• Upside Rejection (Short) Zones: If ENA bounces, it is expected to face strong resistance.
  • $0.706 is the first major resistance.
  • $0.738 is described as a "big danger zone" and a "guaranteed short zone" for the speaker.
• Downside Support (Long) Zones: For those looking to buy the dip, two key macro support levels are identified:
  • $0.624
  • $0.547

Takeaways

• For Bears: Look for short-selling opportunities if ENA rallies into the $0.706 or $0.738 resistance zones.
• For Bulls: Be patient. The better buying opportunities appear to be much lower, at $0.624 and $0.547. Buying at current levels is risky given the bearish chart pattern.

Aerodrome Finance (AERO)

• While a recent short-term trade on AERO failed, the speaker has added to their longer-term AERO bot position.
• Bullish Rationale: The investment thesis is based on an upcoming airdrop for a native token from the Base network. The announcement stated that holding AERO will make you eligible for the snapshot.
• The price has dropped into a major support zone at $1.25, with further support around $1.22.

Takeaways

• AERO could be a strategic holding for those who want to be eligible for the upcoming Base airdrop.
• The current price drop to the $1.25 support level presents a potentially attractive entry point for this thesis.

Other Mentioned Assets

• Pepe (PEPE): The speaker added to their position. It is in a bounce zone on its 50-day moving average. The strategy is to buy at support and place a stop-loss below the recent low.
• Chainlink (LINK): The "premium" buy zone is identified at $23.20. If it bounces from current levels, it could face rejection (a potential shorting opportunity) at $23.92.
• Pump.fun (PUMP): The speaker is bullish due to its high revenue generation. Key support/buy zones are at $0.006888 and $0.00659.
• Pendle (PENDLE): The speaker has added to their position. Stronger buy zones are identified lower at $4.88 and $4.76.
• Bonk (BONK): The speaker advises caution when shorting at current levels as oscillators are very low. A good buy zone is noted down to $0.0000235. Potential resistance/rejection zones are at $0.0000245 and $0.000025.
• Intel (INTC): After Donald Trump posted about his profits on the stock, the speaker suggests this could be a "top signal." They are considering shorting INTC if it pushes into a higher resistance level.
• MicroStrategy (MSTR): The speaker added a small amount to their position as the stock entered a "bounce zone."