$SOL wicked to 97.96 yesterday and buyers took it straight back in a single candle. Every 4H close since has held above 101.40, six in a row. Clear 103.10 and 105.80 comes back into play. Lose 101.40 and that wick gets retested. #Solana
$ETH has pulled back as expected but I think there is a chance we may not yet be ready to take that downside liq just yet.
I like the idea of grinding higher and roping in some more longs before the eventual flush.
When we get these triple-tap bases, we will often pull back to the right "shoulder" or local demand formed by the 3rd "tap" before seeing continuation higher.
So while we've seen a deep pullback thus far it is nothing that we can't recover from if we are indeed going to continue a bit higher before the eventual flush.
On the upside I have my eyes on the $2800+ region which is local supply.
Q/USDT Looks like price is still holding a bullish structure after the strong recovery from the 0.01 area, but short-term momentum is cooling off. Key support is around 0.020โ0.021, while 0.028โ0.030 is the main resistance/liquidity zone. My view: bullish above 0.020; a clean breakout above 0.030 could open the way toward 0.040. Iโd wait for a retest/confirmation around support or a confirmed breakout rather than chasing the current move. If 0.020 breaks decisively, bullish setup weakens. NFA $Q
The structure is bullish after the CHoCH/BOS, but price is currently pulling back from the 0.012 resistance/supply zone. Looks like the key entry zone is around 0.0096โ0.0100, with SL near 0.0080 support. TP1 is around 0.014, TP2 0.016, and TP3 near 0.018.
AKE/USDT 1D: I think the structure has shifted bullish after the BOS/CHoCH, but price is now pulling back from resistance. Key entry zone is around 0.0120โ0.0140, with SL near 0.0100. Targets marked are TP1 0.0200, TP2 0.0260 and TP3 0.0320. My view is bullish while the 0.0100โ0.0120 area holds; resistance around 0.0200โ0.0220 is the key hurdle. Before entering, watch for a clean rejection/sweep and bullish confirmation from the entry zone rather than chasing. NFA $AKE
AKE/USDT 1D: I think the structure has shifted bullish after the BOS/CHoCH, but price is now pulling back from resistance. Key entry zone is around 0.0120โ0.0140, with SL near 0.0100. Targets marked are TP1 0.0200, TP2 0.0260 and TP3 0.0320. My view is bullish while the 0.0100โ0.0120 area holds; resistance around 0.0200โ0.0220 is the key hurdle. Before entering, watch for a clean rejection/sweep and bullish confirmation from the entry zone rather than chasing. NFA $AKE
Guys NFP data came stronger than expected and now CPI is next. Honestly this week is going to decide market direction.
For me if CPI is hot then Fed has no choice but to hike again. I am thinking 70% chance of one more hike. But if CPI is cool then maybe they finally hold and we get some relief.
Now my view on market: Short term I am bearish. Rate hike news always hits crypto and stocks first. But long term I am bullish. Once Fed stops hiking, money will flow back into BTC and tech.
Right now in my portfolio: Gold 30% - just for safety Stocks - reduced tech, added some dividend names Crypto - still DCA in BTC and ETH. Not panic selling
What do you guys think? CPI ke baad hike hoga ya hold? And are you bullish or bearish right now?
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