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🧪 Elon Pumps DOGE
Plus: $SPOT is surging
Good Morning!
The markets are moving fast—Dow’s sinking, Spotify’s surging, and Nvidia’s about to spill their earnings. On the crypto side, it’s a wild ride with DOGE drama and Bitcoin’s epic pump. Not all bull runs are built the same, and we’re here to guide you through the chaos.
Sherlock’s bold NEAR Protocol long play is the highlight. High risk, big potential—if you’ve got the guts, it’s a setup worth watching. NEAR’s got momentum, but don’t sleep on market volatility.
Let’s get into it 👇
🌡 TradingLab’s Headline Roundup
What's Your Favourite Topic? |
Stock Markets
13th November, 2024
Dow Jones Tumbles Nearly 400 Points as Traders Pause Record-Setting Updraft
Spotify Stock Soars to Record as Revenue Rises 19%, Profits Keep Humming Along
Here's what to expect from Nvidia's upcoming quarterly results
Man Who Called Nvidia at $1.10 Says Buy This Now...
This company signed a major deal with Apple
Nvidia and Google are invested in this company
And its tech is found in products from Samsung and Google
Crypto
Dogecoin Seesaws After Trump Taps Elon Musk to Run New ‘DOGE’ Department
Bitcoin on Cusp of $90,000 as Fierce Bull Market Pumps Crypto to Record $3 Trillion
Not all bull runs are created equal. Get my stock signals for November HERE.
Commodities/Forex
Dollar Overtakes ¥155 as Yen Deepens Retreat Ahead of US Inflation Data
Post-election fall in gold a "stumble, not a sea change," JPMorgan says
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📈 What I’m Trading
The Play
Sherlock’s latest crypto trade idea: NEAR Protocol Long Position. This one is for the adrenaline junkies out there. We're talking high risk, high reward, and a market that demands respect.
Entry Strategy:
Entry: Market Price $5.146
DCA (Dollar Cost Average): $4.912
DCA: $4.624
Leverage Range:
5x - 20x
Stop Loss:
Manual 4H Close Below: $4.447
Target:
Final Target: $8.135 (Dream big or go home.)
Risk Rating:
7/10 (Not for the faint of heart. You’ve been warned.)
The Catalyst
Why go long on NEAR now? Let’s break it down.
NEAR has shown signs of bullish momentum after a decisive trendline breakout. This wasn’t just any old break; it also executed a solid support and resistance flip, signaling that buyers are in control…for now.
However, don’t ignore the broader market context. BTC’s recent pullback has injected a dose of uncertainty into the market, which can easily spill over into NEAR’s trajectory. That’s why Sherlock’s keeping this one rated at a 7/10. There’s potential upside, but the environment is volatile—entering here requires nerves of steel.
Our Take
Here’s why this trade caught our attention: NEAR’s breakout suggests a potential momentum shift, but make no mistake—this is a risky play, especially in a market that’s still reeling from BTC’s recent dip. The leverage range of 5x-20x magnifies the stakes, meaning risk management isn’t just recommended; it’s mandatory.
Sherlock has already taken TP1 (a 6% gain), showing that there’s something to this setup. Stops have moved to breakeven, minimizing risk while keeping potential gains on the table. That’s smart trading.
Bottom line? This setup is worth the risk if you know what you’re doing and are ready to react fast. If you’re tired of sitting on the sidelines or want to see how the pros navigate the highs and lows, join us in TradingLab. It’s where serious traders come to level up.
Ready to make moves? Don’t just watch from the sidelines—join the team and trade alongside top minds like Sherlock.
Stay ahead, stay informed, and most importantly, stay profitable.
‘til next time,
TradingLab