FOMO Factor: How Not to Miss the Reversal Moment
#SP500
Key zone: 6,200 - 6,300
Buy: 6,320 (on a strong positive foundation); target 6,450-6,500; StopLoss 6,250
Sell: 6,150 (on a strong breakdown of the 6,250-6,200 zone); target 6,000-5,900; StopLoss 6,220
Despite yesterday’s failure of the first discussion, three key crypto related bills (and personally important for Trump!) — the CLARITY Act, Anti CBDC Surveillance State Act, and GENIUS Act — will be passed regardless, possibly with slight date delays.
Meanwhile, the U.S. stock market remains at record highs, and yesterday’s positive PPI report (0% in June vs. 0.2% expected) is actively supporting this trend.
On the crypto market, delayed sell orders are showing up from nervous “retail plankton” trying to time their profit-taking. That’s logical, but such short sellers, by entering too early, help market makers keep prices high. Longs are not being closed en masse yet. Another risk factor is Trump’s seriousness about firing Powell.
How to catch the profit taking moment?
Option 1: The ideal timing would be Trump signing all three crypto bills — a classic “sell the news” event. Originally expected on July 18, but after the vote was postponed (by nearly a day), the signing date may also shift. Watch closely.
Option 2: Many traders will try to go short early, so large capital may pump the price higher first to collect liquidity (a short squeeze), where final profit taking will occur. Monitor short volumes in major tokens (Coinglass can help).
Option 3: If something goes off plan for Trump during the crypto bills’ review, traders may panic and trigger cascading long liquidations.
Option 4: A correction on the U.S. stock market might begin before Trump signs the bills, which could trigger a panic sale in crypto. This remains the least likely scenario since Trump is keen to please major issuers.
Overall, everything comes down to news on the CLARITY Act, Anti CBDC Surveillance State Act, GENIUS Act, and the usual monitoring of the S&P 500, NASDAQ, and Russell 2000. Keep an eye on short interest in tokens like ETH, SOL, DOGE.
So we act wisely and avoid unnecessary risks.
Profits to y’all!
