Crypto4light

Solana and point of interest

Long
BINANCE:SOLUSDT   SOL / TetherUS
Solana crashed just based on FTX potential sell of

FTX assets worth $3 billion. Many took this to mean that if they are approved for liquidation

1. Even if they approve, they will sell their assets in small parts once a week. 200millions worth not all 3b in one day!

2. If approved, then most likely transactions can go through the OTS, without much impact on the order books on exchanges


If you take a look on this PA you can see order flow (red)
We leave POI now this poi at -0.618 level local fib and this correction can be enough to mitigate market makers position.
We leave EQ highs and top target with liquidity

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