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forclout
Jan 13, 2024 3:57 PM

$SOLUSD to deliver a sALT season? Long

Solana / United States DollarCoinbase

Description

COINBASE:SOLUSD is in an interesting spot here. I like the $80 level below as there is a ton of liquidity there but I have this sneaking suspicion that if we were going to run for it it would've happend on Friday with the BITSTAMP:BTCUSD sell off from ETF fears.

I would expect reclaiming $100 would accelerate the sALT season. $137 would be the target. Invalidation is a close below $88 and I would be looking for levels below for support.

Trade active

long from $93

Trade active

Resistance still at the psychological $100 level once broken I think the entire COINBASE:SOLUSD ecosystem accelerates.

Trade closed: stop reached

Failed breakout closed at b/e
Comments
jannyhar71
Thanks for update
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