סולנהשורט
SOLANA TO DUMP?
Just a quick & simple update for SOL. I have a few of my entry criteria being met for a trend change short opportunity on Solana. On the daily time frame you can clearly see the crossover of the SMA's (1)
The market has pulled back to retest the crossover price area which also lines up with the %61.8 fib retracement level which is additional confirmation for me the trend is changing, coupled with continuous LH's & LL's.
I would look to target the $180 price for a target which also lines up with the %61.8 target projected by the Fib. Lets see how it plays out around the current level, if BTC continues to consolidate and looks bearish and all the resistance levels continue to reject on SOL then i'll look for entry on this providing there is confluence on entry criteria.
Potential 30% to be made, all eyes on XRP, SOL & BTC for the moment. Don't forget how BTC pans out will have a lot to do with all the Alts, so if BTC pumps it'll void this trade idea as SOL is highly correlated.
The market has pulled back to retest the crossover price area which also lines up with the %61.8 fib retracement level which is additional confirmation for me the trend is changing, coupled with continuous LH's & LL's.
I would look to target the $180 price for a target which also lines up with the %61.8 target projected by the Fib. Lets see how it plays out around the current level, if BTC continues to consolidate and looks bearish and all the resistance levels continue to reject on SOL then i'll look for entry on this providing there is confluence on entry criteria.
Potential 30% to be made, all eyes on XRP, SOL & BTC for the moment. Don't forget how BTC pans out will have a lot to do with all the Alts, so if BTC pumps it'll void this trade idea as SOL is highly correlated.
כתב ויתור
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