If you follow, like and leave a comment about the idea or crypto in general I would be grateful.
Now let's talk about SOL. The coin has been showing great strength in the market, and I think that there is large possibilities that a new ATH is going to happen. In the 4H chart I already identified 2 bearish deivergences. In the 1st one we can see that the coin had two corrections and easily bounced back to new ATH, and the same scenario can happen again. BTC reached a new ATH today and, from previous bitcoin ATH at 67k we saw altcoins catching up when BTC was stale. Currently BTC reached a new ATH. If the coin go down, alts will correct immediatly, but will slowly catch up to this new BTC ATH. The next few weeks are about to be crazy for crypto, and I think its important to mention that you should be trading with a safe risk/reward management. Please take my advice and don't trade with insane leverage at this time, mainly because the volatility will be huge. Comment your thoughts about the idea in general. Thanks.
Now let's talk about SOL. The coin has been showing great strength in the market, and I think that there is large possibilities that a new ATH is going to happen. In the 4H chart I already identified 2 bearish deivergences. In the 1st one we can see that the coin had two corrections and easily bounced back to new ATH, and the same scenario can happen again. BTC reached a new ATH today and, from previous bitcoin ATH at 67k we saw altcoins catching up when BTC was stale. Currently BTC reached a new ATH. If the coin go down, alts will correct immediatly, but will slowly catch up to this new BTC ATH. The next few weeks are about to be crazy for crypto, and I think its important to mention that you should be trading with a safe risk/reward management. Please take my advice and don't trade with insane leverage at this time, mainly because the volatility will be huge. Comment your thoughts about the idea in general. Thanks.
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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.