Clear Guidance

Issue #99

October 09, 2024 • Estimated Reading Time: 5 minutes

Good morning!

US stocks and crypto have generally been range-bound since the previous newsletter. Last week, US Data exhibited a strong economy, as job gains in September exceeded expectations. Today, we await FOMC minutes for further guidance on the rate cut cycle, and we also have US inflation prints tomorrow, with the overall trend on inflation pointing downwards. Geopolitics in the Middle East continue to add premium to commodities, with Brent touching $80 before retreating, adding almost $10 since tensions escalated. Markets seemed disappointed with the lack of specifics on China’s new stimulus package, which saw Chinese stocks and base metals pare back many of their recent gains on Tuesday and Hang Seng posting one of its worst days since 2008.

This week, our technical analysis covers the following tickers: BTC, SOL, BNB, STORJ, SUI, ONDO, NEAR, FTM, and TIA. On the equities front, we provide trade ideas for ALTM, BABA, PDD, and FUTU. Follow our analysts’ trading plans and the recommended levels to get involved! Finally, as always, we comment on the latest developments on Web3, NFTs, and the AI sector. Enjoy, and stay safe out there!

  • AFRM (Donny): Entry at 37.65, trading the range and positive consumer sentiment into results in early November. The stock hit $41.50 intra-day Tuesday (+10% spot return in 3 days)

  • IREN (Donny): I called IREN at $7.66 on Thursday following a monthly update for September. Closed half of the position at $8.90 ahead of the market close on Friday (+16% spot gain in 2 days)

  • ALTM (Donny): Called ALTM at $4.00 with stink bids set at $3.50 and $3.00 back in March for an average entry of $3.40 vs. a high of $4.30 following the announcement that it was in takeover discussions with RIO.

  • POPCAT (Crypto Fox): The short trade setup shared in the Telegram hit entry at 1.4472 and ran down to 1.1756, for an 18.77% unleveraged move to the downside

  • FTM (Daniel4): Bid hit at $0.60, and TP 1 hit at $0.70

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