Applovin Corp (APP: NASDAQ)

AppLovin Corporation (APP), a software-based app development company with a focus on the marketing and monetization of digital applications, is anticipated to experience a healthy boost in its third-quarter revenue, reaching as high as $800 million. This reflects a robust sequential increase compared to the previous quarter’s $750 million. Management’s revenue guidance for the period is set between $910 million and $930 million, suggesting a 31% year-over-year growth at the midpoint.

The company’s commitment to stock repurchases is notable, with $1.15 billion repurchased during the first nine months of the year, equivalent to 8.2% of the current market capitalization. This substantial buyback is viewed as a vote of confidence in AppLovin’s future.

The current outlook is bullish on AppLovin (APP), proposing an entry point above the $38.00-$39.00 range, with an upside target in the $58.00-$60.00 range.

Aave (AAVEUSDT)

At the current juncture, AAVE finds itself at a crucial support level, ranging between $81.50 and $84.00, prompting a strategic decision to initiate a spot long position. The planned approach involves allocating 30% of the intended funds at this support level. Further investment, amounting to another 30%, is envisaged upon a successful breach of the resistance line. The remaining balance is earmarked for deployment during the retest following the breakthrough.

To mitigate potential losses, a well-defined risk management strategy is in place, with a stop-loss order set just below $80.00. In terms of profit-taking, the first target lies in the range of $92.00 to $96.00, with an additional target zone between $108.00 and $114.00. Given the inherent volatility of the market, a commitment to tight risk management practices underscores the overall approach, reflecting a prudent stance to navigate the unpredictable dynamics of the cryptocurrency market.

Kujira (KUJIUSDT)

With KUJI situated within the support range of $2.70 to $3.00, a strategic decision is being made to initiate a spot long position. Following the customary approach, an initial allocation of 30% of the trade is planned at this support level. Subsequently, an additional 30% will be invested once the price successfully breaches the resistance line, with the remaining funds earmarked for deployment during the retest that ensues.

In order to manage potential losses, a carefully determined stop-loss level has been set around $2.47. Turning attention to potential gains, the profit-taking strategy involves the first target in the range of $4.00 to $4.20, followed by a secondary target zone between $5.00 and $5.20. It’s important to note that the current market environment is characterized by high volatility, particularly as Bitcoin undergoes a correction following a substantial upward surge. This acknowledgment underscores the need for caution and an astute risk management approach in navigating the prevailing market conditions.