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TheJaFung
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Bullish
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$JUP
has broken out of its hourly downtrend, I've set limit orders on the retest of trend between the 0.5 & 0.618 fibs. Now that FUD is dying down, looking for
$JUP
to send it.
#JUP
#Jupiter(JUP)
#TradeNTell
#Write2Earn
#altcoins
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JUP
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$IMX is about to make a huge move - here's why. $BEAMX is breaking ATHs and in price discovery, $MATIC is also pushing yearly highs. Beam's tech stack and scaling solution is built on Immutable zkEVM and powered by Polygon. These 3 projects usually run together, and so far IMX has been lagging behind. The gaming narrative has been consolidating for more than 3 weeks now and the rotation out of memecoins may flow into the strongest gaming alts. Asides from memes, gaming may be the easiest narrative for retail to understand and rally behind. IMX has been in a range since Feb 14 and is poised for atleast a retest of the top side of the range at ~$3.5. Short-term targets upon break of range at ~$4.15. Invalidation upon a daily candle close below $2.96. #IMX #BEAMX #MATIC #TrendingTopic #Write2Earn
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$BTC is about to close its ATH monthly candle in 13 hours (previous ATH monthly close was ~$61,300 in Oct/Nov '22). The ETFs have ramped up inflows the past two days, with the last 2 days having the biggest volume since launch. I expect the inflows to only accelerate from here as the recent price action netted lot of early buyers in profit - which further compounds the network effect of sideliners wanting exposure to BTC. Weekly and daily RSIs remain in the bullish control zone with a fresh cross >70 on the monthly. No sell order blocks >500 on any exchange orderbooks and liquidation heatmaps are empty above current price as nobody wants to short these bullish conditions. The next level for BTC to test is the wick ATH at $69,000 and it's a high probability we'll get there in March/before the halving. #BTC #ETH #TrendingTopic #altcoins #Write2Earn
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$PORTAL just filled my limit orders (teal) as it broke out of the downwards trendline and going for a retest. Invalidation and SL on an hourly candle close below $2.28. Be careful trading brand new tokens as it's super high risk. Portal has a few catalysts coming up such as staking, launchpad, nodes, and airdrops. The series of news should bring bullish momentum. No TP targets as there's no price history, I'd only risk the same amount of capital as you would aping into a new memecoin. #Portal #altcoins #TrendingTopic #AltCoinSeason #BTC
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$AR is presenting a great entry right now for those who missed the run-up. Broke out of its downward trend and reclaimed the hourly SMA9 (green) and EMA21 (red), with a cross about to happen in the next few hours. AI has been running today (eg. FET/AGIX), and usually DePIN runs right after (eg. FIL/AR). Overall bullish on AR after their AO onchain compute announcement and it should have the bullish momentum required given BTC price action. I would look to exit the trade if it closes an hourly candle below the EMA50 (blue). Otherwise, my TP target is $39-41 which lines up with previous weekly resistance back in Feb-Mar '22. #AR #BTC #TrendingTopic #Write2Earn #altcoins
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$BTC smashed right through the range I set in yesterday's post at $58-59K and is currently retesting the top of the range. Capital rotation is starting to pump alts, noticing $SOL , LINK, PENDLE, APT, and $SEI having an immediate reaction. (I'm sure there's many more but I only have ~40 coins on my watchlist). Ideally we'll see a consolidation above $59K and allow time for alts to catch up. The BTC.D is also reaching a key resistance level and may retrace to give alts a push. Next target to hit for BTC is at $60.5K which lines up with the 78.6% on the daily HDPR bands. #BTC #TrendingTopic #Write2Earn #altcoins #AltCoinSeason
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