📊SOL: should you wait for $50 or $100? Just check it!
As expected, BTC fell and all the Altcoins drop with it by 60-80% from it`s ATH. In this idea i`ll share with you my thoughts about Solana . I hope it will be helpfull for you!
I marked 2 value areas:
1. $25-48 – globas support for the price, huge value area
2. $88-105 – loval resitance and value reistance for SOL
What should we expect? I think we can test the support area of $25-48 because as you can see there is no liquidation at the volume indicator. So i`ll open my Long position when it finally happen. And i think it will be the best entry point for many months.
The next scenario is squeezing under the trendline. One of the most profitable strategy i use. So the price can start squeezing at the current price levels $65-75 and it`s possible to open a trade. Wait for the next updates about Solana to no miss the entry point.
Of course, the value area of $88-105 is a huge resistance for the price. We have to pay attention to Bitcoin , because if BTC show strenth and start rising all the crypto will follow the Grandpa. I record the video update for you with clear explanation of my plan. Check it!
Due to the current condition market condition you have to be more crafty and wait for your setup!
Friends, press the “like”👍 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.
