RaynLim

SOL in a Bear Run

Short
FTX:SOLUSD   Solana
Solana also known as Sol is in a Bear Market. I know that most of you aren't very happy about it, but it is time for us to think if the cryptocurrency market is really a De-Fi. I'm not doubting the mechanism, but the design or the marketing of it is flawed.

If you have not noticed, whenever the USD appreciates, the crypto market will have a nosedive. When the crypto market has such a relationship with the USD, it will never be truly defined.

If you are holding them, don't panic, there's always a solution to it. We can wait for the opportunity to trade it and with that profit, it can help us recover or even earn from the market that moves against us.

Most Harmonic Pattern traders will wait for the shorting opportunity of the Bearish Bat Pattern completion at 52.97. However, the Bat Pattern has been invalidated. You can still engage it, but it will not be a Bat Pattern and you are taking the trade not more than a toss of a coin.

Trend Traders can wait and observe any shorting opportunity within the sell zone.


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