🧪 What's Moving Markets?

Plus: We’re Up 44% On BTC

May 31, 2024

Good Morning!

Today, we're diving headfirst into the chaotic world of tech stocks and crypto currents. Are you ready to ride the wave with us? From Salesforce's tumble to a promising opportunity in MASK/USDT, we're unpacking it all.

Not only are we up a whopping 44% on BTC, but we're also setting the stage for a bullish run on MASK. With precise entry points and clear profit targets, we're not just playing the game; we're changing it.

Let’s get into it 👇

🌡 Market Temperature Check

📰 What’s Happening Today?

Salesforce's Gloomy Forecast

Salesforce, once a consistent high-flier in the tech sector, recently confronted its toughest market day since the dot-com bust. After the bell on Wednesday, the company's stock plummeted by 20%, marking its most significant drop since 2004, as detailed in a recent CNBC report. This steep decline came as a direct response to Salesforce’s fiscal first-quarter earnings which not only fell short of analysts' expectations but also highlighted several ongoing challenges within the broader tech landscape.

  • Revenue Disappointment: Despite achieving an 11% year-over-year growth, Salesforce's $9.13 billion revenue for the quarter didn't meet the anticipated $9.17 billion, marking its first miss since 2006, according to TradingView.

  • Profit Forecasts: The future seems uncertain with the company’s profit projections ranging from $2.34 to $2.36 per adjusted share for the upcoming quarter, underwhelming against the expected $2.40.

Underlying Issues: More Than Just Numbers

Analysts are scratching their heads, pondering whether the recent downturn was merely a hiccup or indicative of deeper issues plaguing the high-tech giant. The influence of macroeconomic pressures, as well as burgeoning competition from AI-driven alternatives, appears to be reshaping the landscape for Salesforce.

  • Economic Headwinds: Broader macroeconomic challenges "returned with a vengeance" this quarter, affecting the company's performance and outlook.

  • AI Competition: An increasing concern regarding AI competition suggests that Salesforce may need to innovate swiftly to maintain its market position.

As the dust settles, investors and analysts alike will be watching closely to see how Salesforce adapts to these evolving challenges. Will it regain its former glory, or is this the beginning of a more tumultuous chapter? Only time will tell, but one thing is clear: the world of tech remains as unpredictable as ever.

Investing in the next household name

RYSE has just launched in 100+ Best Buy stores, and you're in luck. You can still invest at only $1.50/share before their name becomes known nationwide. They’ve patented the only mass market shade automation device and their exclusive Best Buy deal resembles that which led to other past billion-dollar buyouts like Ring and Nest. Learn more + earn bonus shares →

📈 What I’m Trading

The Play

In the rapidly evolving world of crypto, staying ahead means catching the wave before it swells. Here's the breakdown of a compelling long position on MASK/USDT, curated by our sharp analyst, Hayden:

  • Entry Point: Aim for a price range between 3.352 and 3.445.

  • Stop-Loss: Set at 3.195 to manage risks efficiently.

  • Take Profit Goals:

    • TP 1: 3.585 — Move your stop-loss to entry once this target is hit to lock in gains risk-free.

    • TP 2: 4.003 — Aiming for this level as the price approaches the lower end of a higher volume node, which could act as resistance.

    • TP 3: 4.577 — The final target sits within a less dense trading area, indicating a potential price spike zone if upward momentum continues.

Hayden advises using 2% of your portfolio with a leverage of 10x, a strategic move to amplify returns while managing exposure.

The Catalyst

What's fueling this bullish outlook? Mask Network isn't just any project; it's at the forefront of blending blockchain technology with social media. This platform enables users to seamlessly access decentralized applications (dApps) directly through familiar social media interfaces. The visionary behind this innovation, Suji Yan, envisions a future where our digital interactions are not only secure but also user-centric. By transforming social media into a decentralized ecosystem, Mask Network could significantly disrupt the way we interact online, making this not just a technological shift but a cultural one as well.

Our Take

Why are we betting big on MASK/USDT? It's simple: Mask Network’s utility aligns perfectly with the current wave of demand for more secure and private digital interactions. As users grow weary of traditional social media's pitfalls, solutions like Mask Network are not just preferred but necessary. Investing in MASK at this juncture isn’t just about catching a potential price rally; it's about backing a paradigm shift towards decentralized social media platforms.

Sherlock’s analysis points to a strong buy, underscored by the robust setup and significant catalysts. This isn't just another trade; it's a strategic position in a project poised to redefine an industry.

Feeling the FOMO yet? Dive deeper, and join our TradingLab community to stay ahead with real-time insights from experts like Hayden.

✍ TL;DR

Salesforce:

  • Stock Plunge: Shares fell 20% post-Q1 earnings, the steepest drop since 2004.

  • Revenue Miss: First revenue shortfall since 2006, totaling $9.13 billion versus the expected $9.17 billion.

  • Profit Warning: Adjusted profit projections for next quarter are below expectations ($2.34 to $2.36 per share vs. the anticipated $2.40).

  • Underlying Issues: Concerns about macroeconomic pressures and increasing competition from AI-driven platforms.

MASK Position:

  • Entry Point: Target buying between $3.352 and $3.445.

  • Stop-Loss: Set at $3.195 to minimize risks.

  • Take Profit Goals:

    • TP1: 3.585 (move stop-loss to entry post-hit)

    • TP2: 4.003 (as price approaches potential resistance)

    • TP3: 4.577 (anticipated spike zone)

  • Investment Strategy: Use 2% of your portfolio with 10x leverage.

  • Catalyst: Mask Network combines blockchain with social media, aiming to transform digital interactions into a decentralized, secure format.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab