📈📉 Two Altcoin Trades For Today!
Volatility brings us opportunity so let's seize it.
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Although markets had a sharp reaction to the US attack on Iran, it seems to be mostly over. I have been very vocal about my purchases for the next leg up (https://x.com/FefeDemeny/status/1936851759168995554) and believe it is a big mistake not to start layering into low leverage positions here.
Every trade I share today should be considered as a swing trade for the next leg up, and should be applied to spot or max 2-3X lev positions.
Overview
Chart #1 - Total Market Cap (1D Timeframe)
Chart #2 - BTCUSDT (1D Timeframe)
Chart #3 - SOLUSDT (8h Timeframe)
Chart #4 - JTOUSDT (4h Timeframe)
Chart #5 - ENAUSDT (4h Timeframe)
Chart #6- TSLA (4h Timeframe)
Chart #1 - Total Market Cap (1D Timeframe)
Chartist: Fefe
(For the chart screenshot, click here.)
The total market cap retraced to a major weekly order block and had a 4-5% impulsive bounce. I believe 2.85T is the bottom for the TOTAL market cap, therefore the “worst case scenario” is another 7% drop from current levels.
A 4h higher high (market structure shift) will confirm the reversal and mark the absolute bottom before the parabolic run.
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Good Morning Crypto
Chart #2 - BTCUSDT (1D Timeframe)
Chartist: Fefe
(For the chart screenshot, click here.)
Bitcoin is something you should always accumulate. Being down 10-12% from the highs, it gives a perfect entry point for the next leg up.
Entry: At current levels or after waiting for a 4h market structure shift (current high at $102.780)
SL: I do not have SL on my BTC long as I think the cycle continues, however sub 93K I would reconsider the position and my size.
TP1: Never sell your bitcoin.
For more analysis and alpha, subscribe to my 100X Club YouTube channel for free. 👇
Chart #3 - SOLUSDT (8h Timeframe)
Chartist: Fefe
(For the chart screenshot, click here.)
Solana is approaching a weekly order block, very strong ETF narrative, great buying opportunity.
Entry: At current levels or after waiting for a 4h market structure shift (current high at $142)
SL: Sub 95.
TP1: 185
TP2: 250
For more analysis and alpha, subscribe to my 100X Club YouTube channel for free. 👇
Chart #4 - JTOUSDT (4h Timeframe)
Chartist: Fefe
(For the chart screenshot, click here.)
Jito fits nicely into the SOL staking narrative. JTO has been very strong and the market structure looks primed with clear invalidation.
Entry: At current levels or after waiting for a 4h market structure shift (current high at $2.12)
SL: Sub $1.8.
TP1: $2.25
TP2: $2.6
For more analysis and alpha, subscribe to my 100X Club YouTube channel for free. 👇
Chart #5 - ENAUSDT (4h Timeframe)
Chartist: Fefe
(For the chart screenshot, click here.)
Ethena is a good defi play on ETH and has been severely bleeding straight into a weekly order block. Last time this level was hit ENA bounced 500%.
Entry: At current levels or after waiting for a 4h market structure shift (current high at $0.293)
SL: Sub $0.2
TP1: $0.45
TP2: This can really be a runner, would look at $1 and beyond for next TP.
For more analysis and alpha, subscribe to my 100X Club YouTube channel for free. 👇
Chart #6- TSLA (4h Timeframe)
Chartist: Fefe
(For the chart screenshot, click here.)
With the launch of the Robotaxi, I would expect TSLA to do incredibly well.
Entry: At current levels but would rather wait for a pullback to 305 ish region (if we get it).
SL: Sub $275
TP1: $370
TP2: This can really be a runner, would look at market structure to take secondary TP.
For more analysis and alpha, subscribe to my 100X Club YouTube channel for free. 👇
See you all next Monday,