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All right guys we’re live uh me get the chat pulled up here full run 76 always first probably has the the most first person in the chat record I don’t know I don’t how to explain that he’s always first in the chat more so than anybody else welcome everybody welcome welcome

Welcome all right let’s let’s get started here um apologies for missing the last couple of weekday live streams missed yesterday and I think I missed Friday as well uh but we keep at it we’re right back at it let’s uh let’s take a look at salana

First of all and let’s let’s just get a market snapshot first um Bitcoin down 6% dxy up a little bit 26% Dow Jones down a little bit s&p500 up a little bit NASDAQ up a little bit stock market’s been screaming uh it’s you know pretty much at all-time highs on The Daily weekly

Time frame uh pretty bullish yeah S&P 500 pressing against all-time highs as well uh so yeah the the traditional Finance Market is screaming uh bullish not going to get too into it but underlying idea is now for me shifting more towards 2024 potentially being a big bullish year

While 2025 would be a big um recession kind of based on the idea that the current Administration is probably going to try to prop up the economy as much as possible going into the election usually in an election year you see pretty strong performance but let’s Focus Less on traditional finance and

More on bitcoin trafy is really important right now because risk assets are performing really well right and when risk assets are performing well um Bitcoin being a risk asset and crypto being um you know categorically risk assets um is it’s important to know that General sentiment towards risk assets uh

And equities right now in particular it’s very bullish now obviously crypto is not an equity but equities are bullish so it’s important to remember that in the context of that um underlying idea that Bitcoin is a risk asset probably bullish as well um we are in an uptrend on The Daily on

The weekly everything’s you know Contin it’s a sloppy uptrend one of the sloppier uptrend I mean if you look at it right these just horrendous Corrections and it’s just been um very very much slow bleed into like large pumps and large dumps um so we’re

In the middle of what you know could be one of those large dumps right now but we do have you know if we just look to the left here guys um you know we have this entire region of upwards accumulation that we saw going into the Bitcoin ETF I would expect just looking

At this chart um let’s you know before we throw on any indicators before we before we over complicate it let’s go out to the weekly and just ask ourselves logically right sometimes I think people over complicate this they don’t zoom out enough let’s ask ask El logically where

Would we expect support right right here we’d expect to have lots of support in this region on the downside probably closer to 28,000 I do think that’s a little bit low that would be kind of my my bare case you have just you know to throw on

A little meme trend line here at least on the uh at least on the logarithmic don’t put too much weight into this but the general idea is if hey this correction continues right some trend line support somewhere around 33 to 35 I know you don’t come here for you

Know just a little meme trend line but um we also look over here to the left as well plenty of support in the 33 to 37k region right all right so let’s get a little bit more advanced with some of some of our indicators some of our support levels throw on our margin

Pressure levels from our bare Market low $31,000 that’s where I would expect those buyers to start coming back in at a big way why because that’s where you can start going long on 2x leverage and maintain a liquidation point below this local low it’s a pretty important level

Right if we look at previous um bare markets over here throw it on this low right you see we actually front ran it this time we actually front ran it there uh big wick on the liquidation but once we got back up above it um plenty of support there as

Well I don’t necessarily think that we are going back down that low I’ve been a big proponent of um back testing you know the prior range Highs but I think the market with the ETF is a little bit more bullish than people think I think a little people are a little bit too

Bearish right now seeing a lot of people place their targets below $30,000 at least on the Twitter timeline I think that’s too low I think this is like this is like a very fortunate pullback if we get it and I think you want to be a

Buyer here but we throw on our our 21 we simple moving average here right now keep in mind that’s if if sit the situation does not change with traditional Finance right S&P 500 and NASDAQ are all-time highs guys it be very very different like I I can see lower scenarios if we

See a recession or a large crash but again like I said my thesis is Shifting more towards um you know the the current Administration trying to kick the can down the road um we do have our 21 we simple moving average which has been a a great area to be a buyer

Of in some of these larger pullbacks for Bitcoin usually you want to be a buyer there once we reclaimed it you definitely wanted to be a buyer right that level currently kind of leveling out at around 35 36k so that’s more in line with this Support over

Here so if you really want to if you really want to like de complicate this and you want to be a dip buyer of Bitcoin I I think you can really just be a buyer of the 21 we simple moving average with one of your bullets and be

A buyer of the prior range highs with your second bullet right you can just DCA here pretty aggressively DCA here pretty aggressively right and we going into the having I think people are going to get very bullish on bitcoin especially with the ETF right now we’re seeing a lot of

Structural selling from gbtc it’s unclear how much they’re going to sell I think FTX was already a very large part of that I personally am of the opinion that we may not even go down to those levels um I mean those are very obvious support level and targets but yeah you

Know somewhere between 30 and 35 but I’m of the opinion that we could very well be seeing the um the local bottom forming you know over the next couple days if it’s not already in I think you could realistically you know throw a small bullet in where we’re

Currently at why because we we’re in a bullish market and we’ve just seen a 21% correction out of Bitcoin right you’ll see you know in a in a bullish Market these 21 these 20% Corrections in a bull market assuming right under the assumption that we’re in

A bull market this could be a bare Market rally we you know but under the assumption that the lows are in and that we are heading higher on the long term these 20% Corrections become very very uncommon very very very uncommon now I get last bull market we

Saw you know we saw Co and we saw a larger draw down which is entirely possible but I still think that being a buyer of a 20% draw down and then being another you know throwing another one in at 25% throwing another one in at you know 30

To 40% is uh if you if you have a DCA strategy long-term strategy for Bitcoin completely fine let’s zoom in a little bit see if we can find some support on some of the shorter term time frames here let’s throw on our short margin pressure levels as well as our long

Margin pressure levels from our more recent lows right so I think this is a really important set of margin pressure levels we’re going to walk through this um and let’s throw on our actually you know might be useful to throw that on as well yeah let’s keep that margin pressure level

On and let’s throw one off of our most recent High all right so we really have we have three sets of margin pressure levels um let’s let’s through walk through each of them individually let’s start with let’s start with the long margin pressure levels um so we never actually

Quite got to our 2x Long Level kind of had some structural resistance get in the way maybe we throw this off of that and we got a little bit closer Sor I have a like a hair on the bottom of my mouse that’s making it difficult to get this perfect there

We go so we got a little bit closer we we front ran it by you know 600 bucks and you can kind of see where I had I had just kind of like thrown some structural support lines I’m going to actually move these up and Notch right this is our prior Range High

Right there all right so I’m going to add like basically just line these up with our actual margin pressure levels all right so 372 I think that’s where I think that’s where you want to be a buyer um initially and I I think you could be a

Buyer here if you’re buying spot and you’re willing to wait for a bounce but especially like in in some altcoins but 372 is where I I think you you know you want to have a bullet in the chamber ready to bid 372 reason being is that is where you’re

Going to see some buyers come in this is obviously a very big level here we flipped our resistance into our support double top followed by a double bottom right so you’re going have a lot of buyers that want to keep their liquidation points below 25k 25k is a

Big you know 24820 but 25k is a big even level as well well the point at which you can start longing on 3x leverage and maintain a liquidation point below this local low is 37230 right so you’ll see me you see me take a bullet out of the chamber at 37 230 for

A trade very strong chance we get a strong bounce there you have some structural stuff over here as well if we see that level if we see that level I’m I I think people are just a little bit too bearish right now um with this gbtc selling this is all very

Structural the rest of the Market’s been ripping remember S&P 500 NASDAQ ripping this is just gbtc unwinding FTX liquidations we might have some we might have some um Mount gaau unwind as well here soon distributions and then your next levels down from there are going to be 33 and 31

Essentially all right let’s walk through our short margin pressure levels see where you know the shorts which I think are in control of this market right now um let’s let’s see where the Market’s going to shift for their for for them um $345,000 is going to be where you can no

Longer short on 1X leverage and maintain a liquidation Point uh above our all-time high which is going to be important you can see how important of a level it was coming off of our all-time high right we bounced there this was a this is a very common pattern by the way

Um off of a coming off of an all-time high in a bare Market Market you want to look for the 1X short to 2x short bounce right and we did it twice that very profitable trade um back in 2022 we actually talked about it on live stream at the time been a while

Right so if we do come back here right we can get a situation where you see something like that and we get an opportunity to bid that level that’s less of a important level for me right now because this all-time high is so far removed for to use our more

Recent right and now we start to get some levels some Confluence right we had our long margin pressure level that we marked out here my my intuition is saying if we do see a crash further down below I think um 367 to 372 is going to be like the sweet spot

For for where we bought him out that is a little bit more bullish than most people like I said I I do think we could see that full mean reversion I think we could see that that not even re this would be more than a mean reversion uh but I do think we

Could see that capitulation all the way down to our retest our range high but um I think the the magnet here where we’re very likely to bounce is 36 high 36s low 37s right and if we also throw on back on our 21 we simple moving average of

This that is where our 21 we simple moving average is coming in which again a good place to buy pretty big support and resistance level so yeah that that that’s really pointing me towards um saying you know 3637 s is where you really want to really want to bid more

Aggressively so we’re almost there 393 I think it would be funny um or you know pretty brutal if all the people looking to bid here get front run and we just start you know we we move back up to 44 45 I do think a big resistance level is going to be this

$445,000 level that’s our 10x short level throw these back on our 10x short level right there at 44 five right 445 so if we start do start moving back up and we get rejected there that’s a big deal for me that’s very bearish I think we’d be moving back down or at

Least ranging sideways but uh if anyone’s looking for levels to bid I think I think you want to concentrate most of your bids at 37 36.7 K to 37.2k that’s where I think most where I think we’re most likely to bounce I think that’s probably going to

Give you the most ideal risk reward on any type of any type of buy now you can see in the shorter term we are trying to find some support like we saw we found a lot of support initially with the range here 40.8 big short margin pressure level we

Bounced a couple times and right now we’re actually seeing this Forex short level act as support 392 but this is the sweet spot for Bitcoin let me catch up with the chat here got over 100 people drop a like if you enjoy the content getting a lot of questions about trump

It has been running I’ve talked about it on live stream posted in the research Hub at like six or seven cents um let’s go to let’s let’s check the chart had a lot of people like it’s funny like every time I’d post about it on Twitter I’d get like 10 20 people

Unfollowing me um every time I’d talk about it on live stream I’d get a bunch of people like complaining in the chat um but look at the chart right it’s done really really well been kind of bull posting about it for a very long time

It’s at $2 now um people will let their politics get in the way of making money and I’m not um not every single coin that I’m bullish on is going to do what Trump has done for me this was like a high conviction play and it’s worked out

Really well I’ve had other high conviction plays that have not worked worked out well um but you know there’s no such thing as a sure thing so keep that in mind but it is kind of funny that you know so many people would just get so upset about me talking about

Trumpcoin it’s like that’s exactly why I’m bullish on it because you know people are so unable to to handle their emotions around like such a topic it’s weird it’s very bizarre very bizarre phenomenon um for anyone curious I do think Trump is going considerably higher

Um you know in the short term in the short term we could see pullbacks of course um but there are large there are large funds now um that are taking allocations there’s a lot of OTC deals going on behind the scenes um there are a lot of whales

Coming in that believe this is the sheenu of this Market cycle or has a chance to be at least um so yeah I’m pretty I’m pretty bullish I added yesterday at around a150 we might go under that entry that that you know that ad uh but I I’m bullish very

Bullish I think this is like one of the more like obvious plays we’re still like 10 months out from the election it’s just now starting to get heated up um yeah I think there’s potentially a considerable considerable uh amount of upside from there do you sell Trump November this year or

Wait until crypto Market all time I mean I think a lot of capital is going to Pile in in October and November but also if if Trump wins the election I think um the coin could actually continue to do really well right I think it could

Actually pump really hard on a on a trump win um yeah can I look at Celestia sure I think celest is overbought I think a lot of people just are it’s just saturated I think I think at 20 nearly $20 it was overvalued um and people are just piling

In know we we we talked about potentially looking for a long and like a blowoff top on Celestia but the market didn’t really allow for that and now that it’s it’s started to correct again um you know so we we kind of we had a lot of false breakouts um

Too so salana had a false breakout Celestia had a false breakout here now that this is kind of corrected everyone’s just bought Celestia to stake it for an airdrop um but the underlying techn I don’t think it’s being priced this high on the underlying technology I think it’s being priced because

Everybody’s trying to farm air drops and the more people try to farm air drops the more saturated those air drops are going to get the the less they’re going to yield so um I think I’m not huge on Celestia at these prices am I still holding mint layer no I’m not

Holding mint layer but it has done really really well this was posted in the research Hub back around here back around here around eight cents let’s get us off the logarithmic like yeah did bleed off a lot but pumped a huge amount we also called stack at like 28

Cents um let’s go to salana that I think um salana is going to be one of the best altcoins to be bidding on this correction we talked about at length like salana bearish Divergence being overextended potential mean reversion mean reversion brings us down to let’s just say somewhere in this region

Mean reversion brings us let’s just yeah let’s say somewhere in here actually do think we’re we’re a little bit more a little bit due for a balance in salana we just we’re bouncing right now off of our red easy band let’s just extend that line a

Little bit right so this would be some around 60 bucks 50 60 bucks this is something that I’ve been like really trying to hammer home for a lot of people is like look if you missed like like you don’t want to get too overextended up here like these mean

Reversions are absolutely brutal they can be absolutely brutal we see them all the time in Bull markets we see them you know here’s let’s go back on salana over here right salana was trading at $60 and it had a mean reversion very violent mean reversion all the way back down to $20

This is why we don’t buy Spot up here this is why we were buying spot salana all the way back here all the way back here around $20 this is when we put out our investment report in the research Hub that salana would be a market leader and

Outperform and outperformer of the rest of the market our research Hub want investment thesis this was in September 24th thesis statement salonus price will outform most majors in the crypto Market in the coming 24 months due to accelerating over competitors in three key areas we put that out at around um

$19 and we’ve had a huge huge huge run but I I and to be I to be clear I sold most of my salana between $38 $60 I sold too early and rotated into some other plays um one of those is noan which is ripping up today

But the whole point is once we get to this once we get over this red easy band the risk of a mean reversion is very brutal now I I’m fine I’m fine selling at 60 and then buying back at 60 off of a mean reversion right and yeah no harm

No foul but I’d rather be a buyer at 60 after we’ve already moved up to 126 right and put volume in up there that being said in the short term I do I this is like capitulating pretty hard off of our most recent High that’s

About a 24% correction off of our our um high that we made back here we’re already at a 36 37% correction and salana has been a market leader um so when you have like a market leader that a lot of people are wanting to bid um I

I’m not sure that we get the full mean reversion without uh without a bounce first right this could take a long time to play out we could get bounces along the way um we could also it just break Trend and start heading higher if Bitcoin decides to rip right the overall Market is

Bullish I mean if we see something like this see that recovering this support level breaking the downtrend level something like that would make total sense so I do think if you’re just like trying to look for a bounce trying to look for a a shorter term

Trade um playing off of these levels is fine what I would recommend though is waiting for Market structure to break I would be right so on the hourly like you could definitely bid spot here especially if you have a longtime Horizon and you don’t mind riding this

Down to 50 or 60 and you’re just saying Hey I want to build a salana position and it’s 37% off I’d like a Deeper Discount to be bidding spot to be quite honest but um you could really real istically be bidding for like a shorter term trade

Here just buying a bounce off this red easy band level um but like I said what I would really like to see is Market structure break so we have all these these lower highs right we want to put in a higher high so we also want to start putting in

Higher lows so we basically have this entire set of of lows right we’ve come down and made a new low we want to see this level recovered want to see like 85 like the the mid to high 80s recovered hold the support Market structure shift take out the downtrend line right

We start see seeing this that’s confidence coming back into the market we’ve put this back down below us right and we can look for another leg up I think I think right now is like the best thing to do is just be patient just be patient and let the chart play

Out and don’t be afraid if we break Market structure if we start breaking Market structure and we like we move up past $94 put in a new high then I I think that market structure shift recovering that low around 888 I think should give you confidence to aggressively get in the market

Because again our long-term our longer term trend is is very much upwards name of the game is patience I don’t think you should just try to be sniping the bottom unless you’re just like trying to scalp a bounce like on the 15 minute or the hourly all about being patient

Here kind of like that an interesting line um all right that’s salana you posted already about nisana on Twitter is there still some upside I think there’s still upside um but I would personally you know we originally talked about Nana um yes Mexi at 30 cents right this is something

That we talked about at 30 cents it is very extended right against this easy bands I think it’s going considerably higher because I think it’s just fundamentally been undervalued for for a while um that being said yeah so 30 cents is where we got in 28 cents to be exact is where we

Talked about this play right and it’s just been trending upwards I do think this this could be you know going into like you know acceleration upwards um but I do think it’s considerably riskier to just be buying right here I really do um I think this is you know might be

A little bit late to be buying oh wow it’s it even hit a162 today wow on Mexi yeah I don’t know if you want to be buying into this but despite the fact I do think it’s going higher I just think you want to catch these

Earlier got to be C looking looking at these earlier there’s going to there’s going to be other opportunities it’s like there’s always going to be these opportunities and it’s a pretty good indication that the markets the underlying Market’s pretty pretty healthy if like you have a coin doing

This while you know bitcoin’s doing this right you know bitcoin’s crashing here and we’re still seeing some coins pop off blur looking very healthy blur is another one that we posted in the research Hub I think around um I think it was around 45 to 50

Cents we took a little bit of a a spill off and then it rallied really hard back but I’m still bullish on blur don’t have a position anymore but I’m still bullish on it took took profits right you still have isolated pockets of of coins pumping despite the market bleed off

Which is a good sign usually not the case in a bull in a bare Market Bitcoin on the 15 minute let’s actually go to the the hourly Bitcoin on the hourly hourly looking like it might might be wanting to shift it really just depends on this gbtc

Selling signal in the short term of um of Bitcoin recovery is recovering the range like if you recover the range here that’s your trigger for like a long trade and know we talked about like some levels to bid if we come down here right

To 36 you know. 7 to 377 .2k like yes I think that’s a good spot bid I think that’s even a good you know like shorter you know low leverage bid as well like 2x 3x long leverage but if we don’t see that and we just see a range recovery here I would

Say that is a you know and then we start to break this Market structure say that is a signal we’re probably rotating back up to that 10x short level eth is one of the more bullish charts um on the long-term time frames we do have some expanding volatility

Here which you know if if we can kind of hold this this low down here if we can kind of hold this range prior Range High If We Hold This range at around 2200 I actually think uh eth could rip really hard here go to the three-day chart

Logarithmic view let’s actually find a better eth chart that has more data give this a better picture there we go okay uh eth pretty simple here we’ve talked about the ascending triangle for a long time last SP Market here was your bottom with the ascending triangle right we ripped

Upwards boom this was to like our initial level of um level that we crashed to off the let more of a Zone here mark this out like this right but then once we took out this level held it us support right into a bull market why I did that let’s go back over

Here more like something like that right so let’s kind of zoom out so you guys can see this a little bit better let’s go out to maybe the weekly you have like this big ascending triangle here too which is just you know a bullish pattern over here when you had the

Ascending triangle we popped out of the top of it and then back tested it and there’s always a chance that we just rip right through the bottom here and we go lower but um I think eth given the way the Market’s looking um is going to find

A strong bid somewhere around $2,000 to $2,200 in the short term I think you know if we see 2160 to 22200 hold or basically where we’re at right now hold I think this is going to turn around and rip um something like that see a lot of parallels

Right back testing our bare Market range highs it holds I think we start moving up very bullish on eth very bullish on eth whereas you guys know in the past I’ve been more bearish on eth as an underperformer against salana been very bullish on salana now I still am bullish

On very very bullish on salana as well but as far as just the chart goes for eth um I I like the eth chart a lot the E chart a lot now if we go on our short and and long margin pressure levels first of all let’s let’s stay

Zoomed out for a second let’s go to from our all-time high right we see our support right here around 2400 which just turned into resistance we had a deviation above it right but yeah 20 2433 uh a big level that we we held as resistance and then kind of had that

Short-term pump above it after the Bitcoin ETF right we move our short levels down to our kind of you know right shoulder the the uh bull market we see a couple levels um you know 2387 kind of giving more resistance there uh let’s kind of just Mark that out for the

Sake of it right well let’s throw on our long margin pressure levels from our most recent swing lows check this swing low as well there we go and that’s really the one that paying most attention to it’s the one that we’ve had the most interactions

With right we could also throw it off of our bare Market low but I’m less concerned about that that’s going to give us an interesting level down here which could come into play if right if this ascending triangle comes back into play then maybe we see something like

That but um for the most part we have a really big you know structural level margin pressure level around 2100 let’s zoom in get rid of our margin pressure level s throw on our easy bands chart these out about to like the hourly right and you see that level we marked

Out here is Right 2150 2135 range low think if we hold that range low get the the you know prior Range High back test Bitcoin or I’m not Bitcoin uh eth really start to run get to like the 4 Hour there we go but you can kind of see

This was this was our short resistance levels that we saw a deviation above we failed the Range High back test and now we’ve just been dipping through I think you can be a buyer here or around 2135 and uh see upside more than likely kind of your bare case is your

Dip to your 21 we simple moving average and Recovery things really start to get ugly I mean look at all this volume that we put in around 1,00 along with your trend line I think you know that’d be a reasonable place to find some support as well uh but I’m I’m

Much more inclined to believe that eth is gonna rip I could be wrong I could be wrong I could be too bullish here but I do think that into this kind of expanding volatility range back test there we go usually usually very bullish to see something like that

Especially if we find support let this find support if it starts turning back upwards I think we’re going much higher we fall through just let it keep falling all right let’s check up with the mar Market here yeah Bitcoin just kind of continuing its TR downwards starting to roll over again on

The five minute back out to the Hourly yeah I mean the other thing here is it’s very difficult to know for certain where in this is going to bottom because we we don’t really know how much gbtc selling there’s going to be to come it’s been like 500 million a day I think could be wrong on that

Number a billion from FTX very likely liquidated um when the selling stops I expect I expect to rebound pretty hard usually you want to be a buyer of structural selling it’s like when when you had like Celsius and Voyager liquidating ethereum pushing down to you had also

Said 3s Capital ethereum pushing down to like 800 bucks that’s the time to buy into forced forced selling right now we have forced selling from FTX liquidating some of their gbtc you also have other PE not forced selling but a lot of people taking profits on the gptc trade

I’d say it’s borderline forced selling because the gptc fees are 1.5% so you’re basically forced to sell and find find a new home for your your position but I do think that’s going to come to an endend relatively soon from a time frame perspective in the next week next couple days to next

Week you want to be very conservative or more conservative I’d say just wait wait for this level kind of boring to sit and watch the market like just bleed off but I think if you’re disciplined here think if you’re disciplined here you you can get a good

Entries is Mexi exchange safe to use I would not touch Mexi personally I would not use Mexi speaking of exchanges that I would use though of course no exchange is 100% safe but there are links in the description below if you want to trade on Leverage um they

Also have both of these exchanges have good spot markets as well but there’s links down in the description below for Bing X and bybit Bing X if you’re based in the US is a great option if you’re not based in the US bybit is is a great option as well

Um and if you want to sign up for the research Hub and get access to these indicators that we use the margin pressure levels the easy bands and such as well as all our investment reports and research that we put out um go head over to sis. there is a link in the

Description as well um like I said we don’t get everything 100% perfect we’re not 100% hit rate there’s been plenty of stuff that we’ve put out that hasn’t done extraordinarily well um but again that’s why you never put all your eggs in one basket you never go all in on one

Thing right we’ve had this needs to be updated um I think Trump is now like 100x plus mad Lads are now like a 100x yeah a lot of these much higher than and and this is we’ve had a lot more wins like Nosa now a

5x so this this needs to be updated but we have had a really solid track record of things mint layer and another like x uh what else lots of them in there can I do chain link sure Mexi has a history of like if you make too much money trading they’ll

Like lock your account and not let you withd draw that is what’s wrong with Mexi they’re super sketchy salana bleeding off as well we’ll take a look at chain link and then we’ll wrap things up but remember guys what’ we say for salana if I’m not mistaken we said somewhere around

65 although I do think yeah I mean you could bid the top of this range not going to run the margin pressure levels again but I think anywhere in this range there’s a realistic place a realistic chance we find a bottom you’re going to find a lot of buyers coming at

63 if we do see levels that low okay um chain link all right this will be our last chart of the day let’s go to logarithmic view chain link just trending sideways this could be distribution right this would be pretty brutal if this is distribution

I would hope not just have like a huge accumulation region mark up distribution just come right back down let’s hope not let’s hope this is reaccumulation okay let me try to explain what’s happening here um you basically have like a range being formed formed based off of this kind of

Sub range that we had for a very long time that let’s call this between six and $9 you’re going have like basically between 12 and $18 okay all right so this is this is kind of you know rounded off but so you can kind of understand conceptually what’s happening here basically the bottom

Formed the bottom of this range for all practical purposes there was like tons of support around $6 for chain link yes we had some dips below you could maybe call it like 550 five to to 550 but basically let’s round it to $6 your margin pressure levels off of $6 are

Basically going to be um$ and $12 right well our margin pressure level of of $9 that’s our that’s our uh 3x long margin pressure level that’s where you can no longer go long on 3x leverage and maintain a liquidation point below this uh you know $6 support region is what in

Large part capped our range right once we broke through that we moved up to our next next level which was essentially $12 once price drops down to $112 you can start longing chain link on 2x leverage and maintain a liquidation point below uh six bucks right so that’s

Why we’ve seen some support here around $12 right so that’s essentially you know in this range would maybe extend again this go went all the way down to like five bucks you know essentially um so you know you could make the argument that this range could extend down to like 10

Bucks but for all practical purposes we’re projecting this accumulation range up here by like a 2X from the the low and a 2X from the high or in this case know got some support around to 50% from from this high as well right this is going to have this margin pressure level from

Like 9 bucks is going to project a margin pressure level uh 3x long margin pressure level around 350 or 1350 right so you’re going to have a lot of volume in here around or a lot of support rather around 1350 as well right so that’s your other margin

Pressure level and I’m just kind of doing the napkin math here rather than putting on the margin pressure levels um and then our 2x from our $9 Range High is going to be at around $18 which we’ve yet to get there but you can start to see where that resistance starts to come

In especially off of our most recent Range High uh which was around $8 kind of capping us around the 2x of that which is 16 right so we ranged so long sideways here that we’re kind of just forming a sideways range up here based off of those margin pressure levels

This really just comes down to like whether or not you’re fundamentally bullish on chain link and fundamentally bullish on the market if the answer to both of those questions is yes then you want to be a buyer of the bottom of the range right look to send it higher if

You’re bearish on chain link and or bearish on the market then you want to be a seller of the top of the range right and look to push back down lower also have some structural resistance over here as well at around 18 bucks going to be difficult to get

Through $18 but if we do if and when we do get through $18 um this could really start moving aggressively Trump just tapped 230 yeah I ran up to 236 this morning pulling back a little bit right now Buck 79 starting to consolidate up here guys if you want to trade on

Leverage head over to the links in the description below buybit Bing X both great options there’s referral links in the description below you get some sort of sign up bonus if you use them I don’t keep track of it also head over to s. a again Link in the description below if

You want to sign up for the research Hub otherwise everyone have a great day and great rest of your week as well we’ll try to be back at it tomorrow um I usually try to stream around 10: or 11:00 a.m. um just been kind of backed

Up with work stuff all right thanks so much for tuning in guys drop a like and hit the Subscribe button on your way out if you don’t mind catch you next time peace