April 12
Trading Pro
Smart Money Insights: TQQQ and BMNR Weekly Outlook for April 12, 2026
Reviews TQQQ ("TQ") and BMNR trade set ups after a sharp multi-day market rally, noting stochastics above 80 as an overbought signal and warning a selloff could follow, especially with potential Middle East headlines and oil spikes. For TQQQ, they outline downside levels and gaps they’d like to see for re-entry, including areas around 47.15/47.19, a gap zone near 44.56–44.25, then ~42.23/42.31, with deeper interest around ~40.53 and ideally near 38; they plan to redeploy cash slowly rather than buy aggressively at the open. For BMNR, they cite overbought conditions and support areas near ~21.29, 20.37, and 19.30, cautioning that Ethereum weakness could pressure the stock. They also describe selling 22 calls against 100 BMNR shares (capturing $0.94, now ~$0.65) and expect a news-driven week amid reported U.S. naval actions near Iranian oil routes.