SOLANA JUST LOST 4 PERCENT ON 299 MILLION IN VOLUME
Solana is getting hit hard today down 4 percent near 107 dollars
Spot volume hit 299 million which tells you this is real selling and not thin chop
The memecoin casino is cooling fast with Pump down 11 percent and Raydium down 12 percent
Almost 700 million in longs got liquidated across the market and Solana took more than its share
Top 3 coins on my radar are $SOL $RAY and $PUMP
SOL holding above 100 is the line that matters
Lose it and the next stop is much lower
RAY at 2 dollars is washed out and volume is picking up which is what bottoms look like early
PUMP at half a cent shows the memecoin launchpad mania is deflating in real time
Trade signal on SOL
Patient entries between 100 and 105
Targets at 118 then 128 on a bounce
Stop under 94
Do not try to catch the falling knife on the first bounce
Let it prove a higher low first
My take as an analyst
Solana always sells off harder than the market and then leads the recovery
The volume climax today is constructive for a bounce but I need to see 100 hold into CPI tomorrow before getting aggressive
Is Solana a buy at 107 or do you see lower prices first?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Solana
Solana is getting hit hard today down 4 percent near 107 dollars
Spot volume hit 299 million which tells you this is real selling and not thin chop
The memecoin casino is cooling fast with Pump down 11 percent and Raydium down 12 percent
Almost 700 million in longs got liquidated across the market and Solana took more than its share
Top 3 coins on my radar are $SOL $RAY and $PUMP
SOL holding above 100 is the line that matters
Lose it and the next stop is much lower
RAY at 2 dollars is washed out and volume is picking up which is what bottoms look like early
PUMP at half a cent shows the memecoin launchpad mania is deflating in real time
Trade signal on SOL
Patient entries between 100 and 105
Targets at 118 then 128 on a bounce
Stop under 94
Do not try to catch the falling knife on the first bounce
Let it prove a higher low first
My take as an analyst
Solana always sells off harder than the market and then leads the recovery
The volume climax today is constructive for a bounce but I need to see 100 hold into CPI tomorrow before getting aggressive
Is Solana a buy at 107 or do you see lower prices first?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Solana