My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks, crypto, options and indices🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Solana.
During the year 2021 we saw a crazy rally of more than 25.000% on Solana and since the beginning of 2022 Solana perfectly dropped more than 90% towards the downside.
Following this overall long term pump and dump trend I do expect another crazy pump after Solana broke out of the current triangle formation.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.