SOL / TetherUSLong
SOL long (spot) - mean reversion trade
Very simple:
BTC looks to have bottomed (at least short term) and is showing life - looking to revert back to the 200-week MA.
SOL is behaving as a strong beta play ever since the BTC bottom - if you take the time to review the exchange order flows... you'll see that an entity with a LOT of money is bidding SOL up. I'm not saying it's SBF / Alameda... but come on...
I've bought spot:
SOL @ $38.35 (mildly bullish position - given the macro environment)
--> current sell target is $71.62
BTC looks to have bottomed (at least short term) and is showing life - looking to revert back to the 200-week MA.
SOL is behaving as a strong beta play ever since the BTC bottom - if you take the time to review the exchange order flows... you'll see that an entity with a LOT of money is bidding SOL up. I'm not saying it's SBF / Alameda... but come on...
I've bought spot:
SOL @ $38.35 (mildly bullish position - given the macro environment)
--> current sell target is $71.62
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