Got stopped out of most positions from last week. SOL breakeven, ETH breakeven, and HYPE hit my stop loss. Need to figure out a better way to track positions and plays from previous weeks. Let's move on to new opportunities.
ASTER
CZ's new favorite coin, a perpetual futures decentralized exchange on the BNB Chain. Currently trading at $1.73 USD with a market capitalization of $2.87 billion and a fully diluted valuation of $13.87 billion based on a total supply of 8 billion tokens.
The ongoing airdrop distributes 704 million $ASTER (8.8% of supply) to eligible participants through claims open until October 17, 2025, with active Stage 2 farming until October 5.
I've been trading this all week because the volatility has been excellent, and it's been pretty much "up only" since the first CZ tweet. Honestly, I don't think he's stopping anytime soon, and the chart looks ready for another run up.
1H Chart Analysis
After the initial run up, we've established a bit of a range and are now breaking out of it. Any retest of the top of the range is a buy opportunity. Really don't want to see it retrace and get back inside the range. I'm currently in from ~$1.47 with a stop around ~$1.36. Will try to add if we get a retest of the range high and will be riding it higher.
BTC
Really want to see this area hold. Currently long from here and looking for price to push up to clear those highs. If we start to reject from $120k, I'll probably take a short. If this ~$112k level fails to hold, we're revisiting $107k for sure.
ETH
My ideal setup would be the same as discussed last time. Still waiting for this push/deviation from the range to the weekly demand zone, where I'm planning to take a larger position targeting ATHs. If it doesn't bounce from this level, then I really don't know where it will find support it should bounce here.
HYPE Analysis
Interesting how well it respects this channel. No positions for now, but it would make sense to try longing from here.
Current Positioning
I have two positions open: BTC and ASTER. Hoping for BTC to push to high $119k, and for ASTER, I'll see how things develop.
Good luck.