FWIW, I'm simply trying to put some boundaries around my Solana bag so I can work on a 'what if' Solana has seen its 10x and is simply going to 3x from here. Maybe an upward channel doesn't even make sense but at least we should know this week whether we pull back and consolidate.
Note
OK I threw that SOL/BTC chart above just to see if I could correlate SOL/BTC and SOL/USD price action. Not sure that works at all, but I'm just throwing a theory on a wall to see if it sticks.I'm particularly paying attention to the declining volume, and how Solana sells off quickly once the sell side pressure is on.
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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.