Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.
✅ Q: POPCAT and FWOG Buy Levels?
Tom:
POPCAT: Price has broken below the key level of $0.41, and even though $0.33 is a local support it may provide some support in the short term. But, I'd expect $0.23 to be revisited. Long-term this might be the buying level.
FWOG: Despite the structure looking bullish with the bullish pennant, FWOG struggled to hold above the $0.07 horizontal support, meaning the breakdown caused the price to move down to the next horizontal support of $0.050. I'd expect the $0.038 horizontal support to be retested, although I'm not sure that'll be THE bottom.
✅ Q: SOL/BTC buying prices long term, please
Tom:
BTC is in a yellow box for a bounce play, but I’d expect mid-$80K’s to be retested.
✅ Q: Long-term SOL Buy?
Tom:
Bearish retest into $162 that was then rejected. $147 is a local support, so price may put in a small relief bounce from there before it continues lower. $120 is still the level for longer-term buys if you're more passive. However, I do expect we can see lower (towards $100), so those that might be willing to wait for lower than $120, I do think you'll get it.
✅ Q: SUI Analysis?
Tom
Price is at a critical level here at the $3.14 horizontal support. Price might have a tiny relief bounce here, but ultimately we'd expect this to break down to $2.25 even if it takes time (2–6 weeks). I'm personally not a fan of the project, but if you are, then $2.25 might be the first area to begin accumulating.
✅ Q: WIF Analysis?
Tom:
Good relief rally, and like other memes, was great off the bottom. But it is just a bear market rally. I'd expect this to revisit $0.46. That might be the zone to consider picking up some small Spot bags over the coming 4-6 weeks, though.
✅ Q: SPX6900 Analysis?
Tom:
Phenomenal runner off the bottom, and it's held the $0.93 horizontal level well. We'd expect $1.29 to be a horizontal resistance, although if the price can break above, then the all-time highs would be next. The RSI does look quite exhausted to the upside, so this may mean we see a period of correction for SPX.
✅ Q: SPX is moving pretty opposite to other meme coins. What do you think about it? A good short opportunity here?
Tom:
I probs wouldn't short here, but I might do so if it went to $1.30 to $1.40 ( a deviation above resistance).
✅ Q: Could SPX drop to $0.20?
Tom: Eventually, maybe. It's uncorrelated and unpredictable. I don't hold it and don't plan to.
✅ Q: Don't you believe, like Murad says, that SPX will be the biggest memecoin? Like BTC in 2017?
Tom:
I don't believe that, no.
✅ Q: PEPE, ADA, XRP, TON Long-term Buy Levels?
Tom:
- PEPE: $0.00000800
- ADA: $0.36 (I wouldn’t buy it)
- XRP: $1.20 (I wouldn’t buy it)
- TON: $2.20
✅ Q: HYPE Analysis?
Tom:
Would short into $40-$44 if a bearish divergence forms in overbought territory.
✅ Q: Time frame for long-term calls?
Tom:
6-12 months.
✅ Q: Will you personally jump back on POP?
Tom:
Not sure. Maybe just for a trade opportunity, but my focus will be on the new stuff (new picks) when the bullish environment gets going again.
✅ Q: If you were allocated here, would you just dump it to buy back later? I've PTSD from the last time I was waiting for lower….
Tom:
I think you jumped in too early, mate. better to let the charts give the confirmation. Even if it does mean you don't necessarily buy bottom ticks, but then again, who actually does buy bottom ticks?
✅ Q: What to do if already allocated? Sell now or wait?
Tom:
Not sure really. I'd have sold a week ago when the charts were breaking down, you're now sort of in "no man's land", which is a harder spot to be in. It's easy when prices keep going up. Until they don't.
✅ Q: FARTCOIN Buy Level?
Tom:
I think I'd want it cheap, like $0.30 to $0.40 area, but it probs takes 1-2 months for the price to get as low as that.
✅ Q: Do you think it's crazy to see SPX around 0.20$ again on the correction? Or could it be?
Tom:
I think eventually, it might just take a lot of time, it moves in a very uncorrelated way to the rest of the market, so very hard to say for SPX. I don't personally hold it, and I don't plan on holding it again either.
✅ Q: I heard you talking about SUI last night on the live stream and how Rao Paoul has been paid to shill it. I've held quite a large bag and heavily in the green. Do you think SUI has the chance of hitting $5, or would selling now be the right move? Also, do you think we will see any large rotations from SOL into ETH?
Tom:
I'm just personally not a fan of SUI. Its network activity isn't great, plus it's heavily shilled by Raoul Pal, etc, who are just paid by the Foundation.
✅ Q: Hey Tom, do you think that if tomorrow's NFP numbers come in weak again (like a clear miss), a September rate cut could seriously come back into play? Also, would that be considered a "bullish" cut for markets, or more of an emergency-style cut? I remember you once mentioned that the type of cut really matters, especially for crypto.
Tom:
Yeah, the type of cut matters. I think we'd need to see a number of prints of weakening data, so the next few months, in order for September to come back on the table.
✅ Q: Thoughts on selling early vs waiting?
Tom:
You likely jumped in too early. Wait for chart confirmations's okay to miss bottom ticks. Almost no one buys the exact bottom.
✅ Q: What are your thoughts on TOTAL 3, BTC.D and stablecoin dominance? We are not getting a bullish summer, I guess? When do you think the « altseason will come? Or I mean the 6-8 weeks.
Tom:
Watch yesterday's Stream, which can give you much better details. Or I'll just end up writing another Market Update to respond to that.
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