๐ $ETH Long Setup | Smart Accumulation Zone
$ETH
{future}(ETHUSDT)
๐น Long Setup
Entry: 1,695 โ 1,738
1๏ธโฃ TP: 1,760
2๏ธโฃ TP: 1,785
3๏ธโฃ TP: 1,810
4๏ธโฃ TP: 1,835
5๏ธโฃ TP: 1,860
๐ Stop Loss: 1,670
$ETH to $3,000+ in August?
In the 2022 bear market:
June - $ETH forma cycle bottom of $881
July to August - ETH rallied 128%.
November - It pulled back but never broke the June low.
So far, this cycle is starting to look similar.
If history repeats and $1,500 is the cycle low for, ETH could rally into August and 128% move from the June bottom would put $ETH around $3,400 in August.
Letโs wait and see how this cycle plays out. Not sure about $3,400 but I think $2400- $2800 is very possib...
โ ๏ธAre investors piling into US semiconductor stocks at the wrong time?
US Leveraged ETF assets are up to a record ~$218 billion, up more than +350% since June 2020.
Since the end of March alone, assets have surged +$82 billion, or +60%.
This has been led by technology ETFs, up +136%, and semiconductor funds, up +175%, over the same period.
Meanwhile, the semiconductor ETF, $SOXX, is down -14% over the last several trading sessions while the 3x leveraged long semiconductor ETF, $SOXL, is down...
๐จ Communist NYC Mayor Zohran Mamdani, who just came to this country, chose to become an American, is deciding he is the foremost authority to tell Americans what it means to be American.
He has the AUDACITY, on America's 250th birthday, to call our great nation "an arena of supremacy" โ a nation that "persecutes," ruled by "oligarchs."
He sneers that his fellow Americans are "small, weak, unoriginal."
He says โICE is invading our streetsโ while he endorses and welcomes an invasion of third-w...
โ ๏ธThe US private credit exodus is deepening:
Blue Owl Credit Income Corp, $34 billion in assets, received redemption requests for 18.8% of shares, or $3.6 billion, in Q2, nearly 4 times the standard 5% quarterly limit.
Blue Owl Technology Income Corp, its smaller technology-focused fund, saw requests for 38.1% of shares, or $1.1 billion, more than 7 times the standard limit and the highest redemption rate of any major non-traded private credit fund tracked.
By comparison, Cliffwater Corporate...