$SOL DCA short and hold, trust me this trade
entry 119,5-123
sl 124
tp 116-113
Short $SOL 👇 What matters most now is the character of any selloff.
Do we actually roll over with sustained downside momentum and start accepting lower prices, or do we spend the next few weeks chopping around and distributing?
The measured move from this rally looks similar to March–April 2022, but the macro structure leading into the corresponding lows is significantly different this time.
I'm increasingly interested in whether we're starting to form a much larger multi-month range between the $60Ks and $120Ks.
If that's the case, the environment becomes much more rotational, with plenty of opportunities on both sides instead of a market that requires maintaining the same directional bias all the time.
entry 119,5-123
sl 124
tp 116-113
Short $SOL 👇 What matters most now is the character of any selloff.
Do we actually roll over with sustained downside momentum and start accepting lower prices, or do we spend the next few weeks chopping around and distributing?
The measured move from this rally looks similar to March–April 2022, but the macro structure leading into the corresponding lows is significantly different this time.
I'm increasingly interested in whether we're starting to form a much larger multi-month range between the $60Ks and $120Ks.
If that's the case, the environment becomes much more rotational, with plenty of opportunities on both sides instead of a market that requires maintaining the same directional bias all the time.