Payrolls On Deck

Issue #94

September 03, 2024 • Estimated Reading Time: 5 minutes

Good morning!

US equities have pulled back after approaching their ATHs, while crypto continues to come off, even following the Fed's dovish commentary. Last week, we got positive data from the US, with GDP, personal spending, and personal income all beating market expectations. Moving forward, all eyes will be on non-farm payrolls on Friday as the Fed shifts its focus on the labor market ahead of its expected rate cut at the September meeting. 

This week, our technical analysis covers the following tickers: BTC, TON, MOG, UMA, VET, POLS, JUP, STX, and SOl. On the equities front, we provide trade ideas for gold and gold miners. Follow the recommended trading plans, set price alerts, and wait for the opportunities outlined! Finally, we always comment on Web3, NFTs, and the AI sector updates. Enjoy, and good trading!

  • RDNT (Crypto Fox): Telegram long from 0.0844 to 0.08683 for a 2.88% unleveraged move to the upside - ran further to create a local high at 0.08957 for a 6.13% unleveraged move to the upside

  • CPOOL (Crypto Fox): Telegram long from 0.10623 (average entry from 2 bids: one at 0.10510 and one at 0.10735) hit a local high at 0.12947 for a 21.88% unleveraged move to the upside

  • AAVE (Crypto Fox): Newsletter-long bid from edition 92 hit entry at 122.39 and ran up to hit a local high at 135.26 for a 10.52% unleveraged move to the upside

  • KAS/IMX (Pidgeon): Our Telegram long on the KAS/IMX pair top-TP’d for 11.5% unleveraged

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