$SOL has now got a spot #etf (Bitwise), and that thing pulled in nearly $70 million in inflows on day one — not bad. People and institutions have clearly been waiting for this one.
Normally, these types of events are textbook “sell-the-news” moments. However, in this case, if the inflows stay strong and even start growing day by day, that’s definitely not bearish.
Chart-wise, I published my strategy for #Solana recently (quoted post), and the plan stays the same — patiently wait for a breakout, especially with the latest bearish hidden RSI divergence; I never ignore these.
The bullish MACD crossover and hidden bullish OBV divergences can’t be ignored either, but I definitely won’t go long before a confirmed breakout.
Rules are rules. #FOMC day today, so I’d rather not open any new positions until tomorrow.
👽💙
#bSOL
Normally, these types of events are textbook “sell-the-news” moments. However, in this case, if the inflows stay strong and even start growing day by day, that’s definitely not bearish.
Chart-wise, I published my strategy for #Solana recently (quoted post), and the plan stays the same — patiently wait for a breakout, especially with the latest bearish hidden RSI divergence; I never ignore these.
The bullish MACD crossover and hidden bullish OBV divergences can’t be ignored either, but I definitely won’t go long before a confirmed breakout.
Rules are rules. #FOMC day today, so I’d rather not open any new positions until tomorrow.
👽💙
#bSOL
