Technical Analysis:
#CryptoPreUSElection #BTC☀ #SolanaUSTD #Solana_Blockchain
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 SOLUSDT
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
SOLUSDT SPOT
