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Hey everyone!
My Bitcoin hedge short is still active, and Iβll provide an update today. In the meantime, Iβm exploring some promising entry points for todayβs altcoins, particularly one of my top picks this cycle: Sui (SUI).
Letβs take a look!
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Overview
Chart #1 - Solana (SOLUSDT) 8-Hour
Chart #2 - Bitcoin (BTCUSD) 1-Day
Chart #3 - Sui (SUIUSD) 1-Day
Chart #4 - Cardano (ADAUSD) 8-Hour
Chart #5 - Chainlink (LINKUSD) 1-Day
Chart #6- EstΓ©e Lauder (EL) 1-Month (Long-Term Trade)
Chart #1 - Solana (SOLUSDT) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
Following a weak rejection into resistance, SOL has failed to reclaim the Yearly Open and is now rolling over as BTC trades at all-time highs. The chart is showing signs of weakness β weβre watching for a breakdown below the 200 and 21 EMAs to confirm momentum shift. Entry is on a retest of underside resistance, aiming to trade it back down into our original buy zone.
Entry: $165β$160
Stop Loss: $180
Take Profit Targets:
TP1: $153
TP2: $143
TP3: $131
TP4: $120
Trade it on Blofin and earn rewards here.
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Chart #2 - Bitcoin (BTCUSD) 1-Day
Chartist: Kyle
(For the chart screenshot, click here.)
TRADE UPDATE: Bitcoin Hedge Short (BTC)
Following up on the short setup shared a couple weeks back β BTC is now trading in the optimal short zone. Historically, rejections from all-time highs have triggered drawdowns between 15% and 40%. Weβll watch closely today for a sweep of the highs followed by a rollover that fails to close above $106,000β that would be the trigger for a deeper retrace to sweep downside liquidity.
Stop Loss: $110,000, or 5-day close above $106,000
Take Profit Targets:
TP1: $94,000
TP2: $88,500
TP3:Β $84,500
Trade it on Blofin and earn rewards here.
Get 2 weeks of free access to The Whale Room for more trades and alpha from Kyle!π
Chart #3 - Sui (SUIUSD) 1-Day
Chartist: Kyle
(For the chart screenshot, click here.)
In the event of a quick liquidation sweep clearing downside liquidity, BTC may gain strength for a stronger push up β and SUI remains one of my top picks this cycle. Itβs consistently outperformed most assets and continues to show relative strength. A retrace into the FVG presents an ideal opportunity to position early.
Entry: $2.70 zone (Iβll ladder orders above and below)
Stop Loss: Daily close under $2
Take Profit Targets:
TP1: $3.80
TP2: $4.50
TP3: $5.50
TP4: $6.80
Trade it on Blofin and earn rewards here.
Get 2 weeks of free access to The Whale Room for more trades and alpha from Kyle!π
Good Morning Crypto
Is Bitcoin on the verge of a historic all-time high, and which altcoins could skyrocket with the GENIUS Stablecoin Act?
Find out in todayβs issue of Good Morning Crypto! π
Chart #4 - Cardano (ADAUSD) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
TRADE UPDATE: Cardano (ADA)
After the swing failure pattern at the Yearly Open, ADA is retracing back into our original buy zone. Weβre now watching closely for signs that the higher low will hold. Look for either a deviation and reclaim of the support box, or a clear CHoCH to signal a momentum shift. If BTC continues to hold up, ADA is well-positioned for a move from this level.
Entry Zone: $0.72
Stop Loss: Daily close below $0.66
Take Profit Targets:
TP1: $0.85
TP2: $0.96
TP3: $1.07
Trade it on Blofin and earn rewards here.
Get 2 weeks of free access to The Whale Room for more trades and alpha from Kyle!π
Chart #5 - Chainlink (LINKUSD) 1-Day
Chartist: Kyle
(For the chart screenshot, click here.)
If BTC breaks out to new all-time highs this week, LINK is well positioned to follow with strength. Price is currently testing the 200-day EMA β Iβll wait for confirmation of support and renewed momentum in BTC for a high-probability entry.
Entry: $16
Stop Loss: Daily close below $14.50
Take Profit Targets:
TP1: $19.80
TP2: $24
TP3: $27
Trade it on Blofin and earn rewards here.
Get 2 weeks of free access to The Whale Room for more trades and alpha from Kyle!π
Chart #6- EstΓ©e Lauder (EL) 1-Month (Long-Term Trade)
Chartist: Kyle
(For the chart screenshot, click here.)
(EL refers to the stock of EstΓ©e Lauder and not a cryptocurrency.)
EstΓ©e Lauder has garnered renewed attention following the release of Michael Burryβs (The Big Short) Q1 portfolio update, where he either exited or flipped short on nearly every position β except for a long position in EstΓ©e Lauder. While the company faced a tough quarter, there are encouraging signs in the latest earnings report. EL managed to gain market share in key regions like the U.S., China, and Japan, with flagship brands Clinique, The Ordinary, and La Mer continuing to perform well. The company also maintained strong cash flow, launched an aggressive Profit Recovery and Growth Plan, and showed relative strength in its fragrance division β a higher-margin segment.
Despite a cautious short-term outlook, the fundamentals and strategic moves suggest EstΓ©e Lauder may be setting the stage for a broader recovery in the luxury beauty space.
Long-Term Trade Setup:
Entry: $65
Stop Loss: Monthly close under $48
Take Profit Targets:
TP1: $100
TP2: $150
TP3: $220
Get 2 weeks of free access to The Whale Room for more trades and alpha from Kyle!π