SOLANA - what is possible in current Q1 2023
Solana, a great innovative blockchain with a lot of promised potential.
While each altcoin is oscillating between the confusion of BTC direction and Bull Run, Solana Touched the bottom around 9$ and made a quick reversal of almost 160%.
While fundamentals are being overlooked for SOLANA, this blockchain still has TA on its side.
SOLUSDT made a high of 26.8$ and touched the 0.618 fib level from its bottom... which created a rounded bottom...
we all know what comes after a rounded bottom ...
there I have planned two trades for this. One is short at around 24 25$ to the target of 20 - 18 $ ... and then a long with the target to 33 - 38$ from 18 - 16$ position.
Let us see how this turns out.
While each altcoin is oscillating between the confusion of BTC direction and Bull Run, Solana Touched the bottom around 9$ and made a quick reversal of almost 160%.
While fundamentals are being overlooked for SOLANA, this blockchain still has TA on its side.
SOLUSDT made a high of 26.8$ and touched the 0.618 fib level from its bottom... which created a rounded bottom...
we all know what comes after a rounded bottom ...
there I have planned two trades for this. One is short at around 24 25$ to the target of 20 - 18 $ ... and then a long with the target to 33 - 38$ from 18 - 16$ position.
Let us see how this turns out.
Trade active:
Short Trade full target reached