Can we say that the first one failed? Or do we say that it hasn't drop just yet?
Solana's chart setup continues bearish and we have a confirmed lower high. This is part two of our PREMIUM SHORT. This is the last public short of this period/cycle, once this and the other trades fully develop we will be living in a different world, truly. Things are about to change massively.
The major catalysts, the 2020 analog, will be something near to US election date, or might be something related directly to the elections. The truth is that we cannot guess and do not need to guess. The market is going down, the chart is saying down so we either stay away, sell or SHORT. When prices are low, we buy at the support and hold or go LONG or both.
Even now there are hundreds of pairs that are bullish, I shared many of those. Some are going down while some others are going up. And that's ok.
We have a major lower high for SOLUSDT but trading volume is super low, this only confirms that the up-move is nothing more than a price-bounce from the August low, an inverted correction. When the market is bearish, each rise is an opportunity to sell. When the market is bullish, each drop is an opportunity to buy.
This is the last SHORT that you will see me publishing in years, literally, so have fun.
Without further ado, full trade-numbers below:
➢ SHORT $SOL
Leverage: 6X
Entry levels:
1) $185
2) $170
Targets:
1) $165
2) $155
3) $148
4) $133
5) $113
6) $96
7) $82
8) $73
9) $64
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 378%
Capital allocation: 4%
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We are approaching a very interesting period in our lives. We are looking at the world through the charts, through Bitcoin, through the Altcoins and the financial markets, but we know everything that is going around. The market is a part of the whole situation and it is good to be alive, it is good to have these experiences and these experiences can be used for growth.
We will not cry when things go kaboom, we will stand up, stand strong, adapt to the situation, learn from it, dust ourselves up and move on.
There are no failures in life only feedback. If we get it wrong this time we learn from our mistakes to get it right on the next.
This is not financial advice.
Thank you for reading.
Namaste.
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