๐ณSOL: whales will try to force other big players to sell
Hi friends! Last week Solana fall more then any other top altcoins. Good for long traders because every weak hends are selling off.
As we can see there are a lot of big players also bought SOL at the dip and other whales want to force other big players to sell their altcoins. So the shakeout of the sl is highly possible.
๐ Preconditions to open a long:
๐ฅ false breakout of the $31.8 key level
๐ฅ volume growth which confirm the buyers pressence
๐ฅ bullish BTC help to push all alts higher and higher
๐ The targets:
1. $39-43 the closest resistance and value area
2. $50-54 the value area
Pay you attention to the $39-44 resistance area. Fix some profit or try to open a short, If you will see the weakness of the price or big sell-orders close to this area. This scenario will be also relevant, if BIG sell orders apear on BTC at 22k. Dangerous things for all the altcoins.
๐ฉ I use DOM and Footprint to identify BIG player and their BUY/SELL orders wall.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
As we can see there are a lot of big players also bought SOL at the dip and other whales want to force other big players to sell their altcoins. So the shakeout of the sl is highly possible.
๐ Preconditions to open a long:
๐ฅ false breakout of the $31.8 key level
๐ฅ volume growth which confirm the buyers pressence
๐ฅ bullish BTC help to push all alts higher and higher
๐ The targets:
1. $39-43 the closest resistance and value area
2. $50-54 the value area
Pay you attention to the $39-44 resistance area. Fix some profit or try to open a short, If you will see the weakness of the price or big sell-orders close to this area. This scenario will be also relevant, if BIG sell orders apear on BTC at 22k. Dangerous things for all the altcoins.
๐ฉ I use DOM and Footprint to identify BIG player and their BUY/SELL orders wall.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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๐ bit.ly/vip_bikotrading
๐ทTelegram ๐ t.me/+ICrmLIneDmRiYjIy
๐ทYouTube ๐ bit.ly/YouTube__Lessons
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