Today in Focus: Interesting Crypto Strength

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Market Condition: Below All MAs, T2108 at 25, Bearish Sentiment

Commentary: Bearish Sentiment really kicked back in yesterday everyone is sure of a breakdown (again). Small gap up this morning. I do think we may have some sort of scary flush but we’re quite oversold on a lot of names on many metrics. There isn’t a lot left on individual stocks unless there is some huge catalyst.

Back to today nice action pre market, remains to be seen whether that can continue throughout the day. I’m not seeing any actionable catalysts this morning. My only analysis today is there are setups forming and RS from Crypto. I’m obviously seeing that from CRCL position but the more speculative stuff is setting up for Range Expansion. Notably UPXI, SBET, BMNR and COIN. All of these have been hammered but seem to be turning before the market does. Just an observation for now.

I’ve kept positions for weeks now and I’m seeing follow through. I’m well positioned here if the market bulls up and I’m back to treading water if it doesn’t. Today I’m monitoring the crypto stocks and managing existing positions.

Current Positions: FSLY, DELL, SWBI, NKTR, PVLA, YOU, ROIV, CRCL, MRVL, AMPX, RLMD, TSSI, LWLG, NIO, NBIS

New: TSSI, LWLG

Stopped: XENE (loss)

Delayed Reaction Watchlist (TradingView Link)

_{Note: This is my methodology for identifying stocks in play. There are many valid approaches to trading catalysts—find the setups, timeframes, and risk parameters that align with your strategy.}