I know, another bearish scenario.
Myself I find it very simillar when I look at both charts of SNX and SOL.
SNX was one to the DEFI top gainers back in the recent days, for L1 it has been Solana.
Whatever goes up, must come down too.
After impresive run Solana is taking a retracement similar to what SNX did during last year's spring-summer season.
I am expecting similar scenario for Solana in the following months, where the bottom will be hit around august 2022.
I know - impossible right? You all are waiting on that 500$, 1000$ SOL that CT is promising to you - goodluck with that.
Short term, we might get some bounce, up to even 230$ area, this is my ultimate short spot, but I will be taking my chances on lower levels too.
Cheers!
Myself I find it very simillar when I look at both charts of SNX and SOL.
SNX was one to the DEFI top gainers back in the recent days, for L1 it has been Solana.
Whatever goes up, must come down too.
After impresive run Solana is taking a retracement similar to what SNX did during last year's spring-summer season.
I am expecting similar scenario for Solana in the following months, where the bottom will be hit around august 2022.
I know - impossible right? You all are waiting on that 500$, 1000$ SOL that CT is promising to you - goodluck with that.
Short term, we might get some bounce, up to even 230$ area, this is my ultimate short spot, but I will be taking my chances on lower levels too.
Cheers!
Trade active:
Solana is on it's way to the 40$ target, much faster than expected, but currently it seems like sky diving is one of the new futures for this L1.