🪙Regarding ETH, there’s a similar structure to SOL. We’re moving in a medium-term descending wedge.
Also, we’ve reached the strongest level of the past years at $1500. I think by autumn we’ll see a great rise, with a break of the formation and a move up to $2000 and above.
For now, I still allow for a few more tests around $1500—on those, I’ll be adding to my position 💸
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Yes, a major dump has started. I’m still staying out of positions ✅
I wonder where we’ll eventually find the bottom. This kind of sell-off shouldn’t last long. Long positions are being liquidated down to the very last one, but strong impulsive moves often begin after these kinds of manipulations.
For now, I’m watching and waiting for a good entry point 👀
For SOL, we reached 76$ , which I mentioned. But in my opinion, there's no need to rush into a reversal. It's better to work locally for now. We've reached the start of the impulse, and as a rule, in such cases we get a buyer reaction in the short term.
I think realistic targets right now would be the $78–80 area.
RealRace Crypto
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#sol
We’ve reached my buy zone, which I mentioned earlier. Overall, this may be enough to finish the correction.
But there’s one more level Solana seems eager to test before rising: the $76 area. That’s the lower boundary of the spring accumulation range.
I’m not expecting a major dump either, since the bear trend has been successfully broken and we should only go up in the medium term.
So for now, I’ll wait. If it happens, I’ll confidently go long with 100x leverage (just kidding)😂, but I will go long.
There’s also a great entry right now on one altcoin. Message me and I’ll share the trade (all the details are in the pinned post on my profile).
We’re seeing a correction after a strong move and are approaching its starting point. Buyers will clearly show their strength here and push the price back to 2200–2300.
I can’t rule out another drop to 1960 in the worst-case scenario. But overall, Ether is already poised for a reversal, though it’s better to keep both scenarios in mind.
I don’t believe this is going to turn into a mega scam, since the medium-term bearish trend has been broken.
So I’ll hold my long position and may buy more.
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No change: I'm waiting for a reversal to 77–78k. But I can also see it happening from 71–72k. That's exactly where the 0.61 level is (I drew the Fib from the start of the impulse).
So if I see that, I'll add some more to my position. Right now, most people are waiting for a drop below 70k. Will they let the majority make money? We'll see 👀
So, we can see that the short trade played out perfectly ✅
Now I’m switching to a long position because, as I said earlier, I expect a reversal right from this zone. In the worst case, the price could still drop to 71,800 (where the 0.61 Fibonacci level is); if so, I’ll add to my position.
Targets: a rise to 77–78k.
On the daily timeframe, we have a fairly strong divergence, which suggests that the current decline may be a false move.