I'm still long in crypto. I'll be going all out very soon. I've recently shared some bullish ideas about SOL macro chart. But I've changed my mind.
SOL will be one of the leaders of crypto's distribution phase. "We just need to cool off for the next rally" phase is pretty soon.
Shorting SOL at 90s. Just sharing so you can counter trade me.
SOL will be one of the leaders of crypto's distribution phase. "We just need to cool off for the next rally" phase is pretty soon.
Shorting SOL at 90s. Just sharing so you can counter trade me.
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The wet dreams of remnants from the bubble will turn into tears in just a year.
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It certainly looks like a top. But one last fucked up action would look better you know.
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Look at this bullshit. Push slowly so average shorter gets exhausted. Can't wait to start shorting SOL.
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It's going to its macro top. No local top. I might be wrong about the exact level. But this is not bullish. I'm almost sure of that.
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Exhaustion goes both ways. Spot buyers exhausted + shorters exhausted. It's HTF, it's macro top.
Trade active:
I did enter with ~ 94 average. For now I'll use a tight stop. I can get stopped out and re-enter later. We'll see.
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Solana itself just became a memecoin. This will look like a memecoin chart in the end. Slow bleed little bounces. Until very low places.
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Best case for SOL. If there are still speculators to push this shit all the way up there, I'll short it again.
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I'm still in. No stop. If it goes higher I add around 110s and 120s.
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Number of reasons to go there is zero though, imo. Bears are ded. Long live the bears.
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SOLBTC. Imagine 50%+ retrace. And imagine BTC correction at the same time. A very weak BTC downtrend can take this shit to 40s easily.
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GG for all crypto not just SOL. SOL has become an important figure for unrealistic expectations. That's for sure. I did what I said. Short with 108 average on SOL.
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Lol the funding rates.. Imagine paying to be long on SOL now.
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I say it's over for crypto but I'm well aware sideways action needed. Maybe one last trap needed. Well I'm getting paid just to be short, so... This is also why I'm still long on a few coins. There are still coins that will do well in the next 6 months I believe.
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That's such a big wick. I scaled down the position a bit. It's a money printer so far but I believe it's better to scale down the risk and be ready for more bullshit. Macro turnarounds are not easy.
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Looks like round two is coming actually.
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We just need to cool off for the next rally, r-right?
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Devs do something. I was told SOL would go only up.
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This is the "I'm macro fucked" trendline. I've reduced the position size just to add more at new highs.
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Honestly I'll close this if it goes straight to 70s.
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Trade closed manually:
I'm out. Probably a little early but I don't care. I'll wait for new high. It will happen.
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This is not the chart for me to want a short position forever. I'm considering long actually.
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Good job bulls. Shame on bears. Luckily I got disappointed with you just in time :D