Nailong
Recent pressure and chaos in the market has lead to an overselling. Nailong got hit hard earlier today, but recovery looks moderately possible over the next week.
Note
Had 3 opportunities to exit within 10% of original entry range, so not a bad pick considering most Solana coins are nuked.
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The market has been wild, specifically Solana where Player vs Player has been occurring for months now, and every pump n dump under the sun has been draining liquidity.
Tomorrow starts the FTX unlocks Solana repayments which will occur periodically into April, so we are likely going to see a shift from SOL to ETH. Today's dumps are hitting SOL hard, as it seems like frontrunning by whales.
I'm predicting that when the talk about "SOL is dead" starts being mainstream, it will be time to take a look again for opportunities.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.