1 minute ago I have said for many months the Solana pattern is a mess. This consolidation towards the lows may only be a "b" wave if minor sub wave ii (Displayed in purple). I'm not a fan of purple and that's why its my alternative count. The time for minor sub wave i and ii is longer than the primary waves 1-2. But timeframe is something that Elliott never elaborated on. So purple can definitely play out.
When I'm unsure of where we are I don't trade. That is why I stated I would rather wait for a breach of $30 and see how price reacts. We're close to a bottoming zone so it may not make sense to try to trade these final machinations. If we get above $37-$38 then shorting starts to look reasonable. As of right now, Solana has refused to reveal it's intentions. Therefore I'm not interested in risking hard earned capital.
Purple route leads to the most pain which makes the most sense. People who shorted late will feel the pain
maikisch
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@ishstar without a breach of $30 or on the high end $35.50 it’s too undecided by the crowd for me to participate. Nonetheless it’s kind of funny I agree with you but markets have a way of humbling traders. I’ll wait for a breakout or a breakdown first