Solana has been the ALtcoin to discuss in the last few days and this is my second post on an asset that I do not hold or used to trade.
The first time I proposed a Sell on the asset I had 3 targets in mind and I ended up hitiing the first one before the market reversed upwards and Solana ended up having new all time highs now.
Nomatter what research I have done the past 48 hours I can not understand or justify why Solana is that expensive, with a marketcap of 23 Billion!
I see no particular adavantage on Solana vs Ethereum or Cardano, or even Polkadot not to mention there are another 6-7 similar 'technologies'competing for the same piece of the pie.
Is Solana going to be a firework or am i completely wrong?
Let me know but even if you don't, the market will reply to me and to you very soon.
----CHANGING MARKET CONDITIONS:
Some of you ask me why all of the sudden I post BUY and then SELL posts. Long and then Short.
Well, we need to understand changing market conditions and repetitive patterns. The way the market is NOW with no clear direction (market conditions have changed vs 2 or 3 weeks ago that we were only posting LONG ideas) and you all ought to look at set ups for both directions!
One of the real skills for a systematic rader is to understand when he/she needs to change a trading system or it's parameters, adapting it - or even abandon it all together.
So, with these said, if you find yourself confused and unable tom trade well these days , then please try HEDGING.
One Love,
the FXPROFESSOR
The first time I proposed a Sell on the asset I had 3 targets in mind and I ended up hitiing the first one before the market reversed upwards and Solana ended up having new all time highs now.
Nomatter what research I have done the past 48 hours I can not understand or justify why Solana is that expensive, with a marketcap of 23 Billion!
I see no particular adavantage on Solana vs Ethereum or Cardano, or even Polkadot not to mention there are another 6-7 similar 'technologies'competing for the same piece of the pie.
Is Solana going to be a firework or am i completely wrong?
Let me know but even if you don't, the market will reply to me and to you very soon.
----CHANGING MARKET CONDITIONS:
Some of you ask me why all of the sudden I post BUY and then SELL posts. Long and then Short.
Well, we need to understand changing market conditions and repetitive patterns. The way the market is NOW with no clear direction (market conditions have changed vs 2 or 3 weeks ago that we were only posting LONG ideas) and you all ought to look at set ups for both directions!
One of the real skills for a systematic rader is to understand when he/she needs to change a trading system or it's parameters, adapting it - or even abandon it all together.
So, with these said, if you find yourself confused and unable tom trade well these days , then please try HEDGING.
One Love,
the FXPROFESSOR
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🌐FOREX SPECIAL: fxprofessor.com/forex-special 💡💙💬 Public Telegram: www.t.me/fxprofessor88 💎