SOLANA - Moonshot? 🚀
Solana is at a very interesting level at the moment. We could be seeing a breakout very soon BUT there are reasons to consider shorting Solana once more before going long.
Confluences for SHORT:
- the 50 fibonacci
- Descending channel resistance
- the -0.27 fibonacci lines up with the previous lows where we're looking to take buys
How would we approach this?
If we see a breakdown, we can enter shorts with SL above the recent highs. If we continue seeing a bullish breakout, we can enter on the first bullflag we see and hold on to dear life cos its very likely we'll be shooting for the moon!
Let us know what you think in the comments!
Goodluck.
Confluences for SHORT:
- the 50 fibonacci
- Descending channel resistance
- the -0.27 fibonacci lines up with the previous lows where we're looking to take buys
How would we approach this?
If we see a breakdown, we can enter shorts with SL above the recent highs. If we continue seeing a bullish breakout, we can enter on the first bullflag we see and hold on to dear life cos its very likely we'll be shooting for the moon!
Let us know what you think in the comments!
Goodluck.
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