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Solbtc

SOL/BTC (Strong Key Support Area)SOL/BTC -after pumping up to 170% increase last July 15 -the price has retraced and it is back to the area of confluence -this green support line has multiple key factors -the reason the price has bounced twice at this support zone -if this level will hold for the next 5 days or so -I'm expecting this area will be its new swing Higher Low -and expected to continue up to 13800 range -a potential bigger consolidation pattern is being made -bearish scenario if the upward trendline is broken -will lead to extended correction in the future
by PolarHusk
That is why we must not enter on asset with low liquidity.Hello, traders. In our telegram group, we started a discussion earlier today about why it is dangerous to enter assets with low liquidity. And so we saw this asset on the daily chart. Hey, take a look at SOLBTC. The price has been going up in the last few days, but the asset is recently listed, so we don't have many points to base it on this chart! I believe that a correction will come soon as the price is now far from the 20-period moving average. On the 5 minutes chart, I see that this asset has liquidity problems, so I am afraid to buy assets with low liquidity because a big sale order can move the price considerably downwards. And it happened after minutes, A simple decision prevents you from losing money in the market. Follow us to receive more ideas like this
Short
by MarketMinds
1
Solana (SOL) Cup Pattern Activates Bullish PotentialAbout Solana Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency. Source: CoinMarketCap.com Website: solana.com ----------- We have the Cup Pattern on the Solana (SOLBTC) chart, which activates bullish potential. This chart setup here can lead to more growth immediately... But if support breaks, the red dashed line, we can have a drop before more green (green arrow). Additional details can be found on the chart. Thanks a lot for your support. Namaste.
Long
by AlanSantana
2
SOL/BTCSOL/BTC It seems to have broken the down trend, stuck within a range, in possible accumulation? Double bottom, possible bullish flag on the 4 hour chart. Low risk buy is 5600 area if it gets there again, easy to cut if closes below. Can wait for the S/R flip of the 7200's area. BTC dominance might be in reversal mode, so take some caution here. If BTC dominance starts to increase again, then you know what If you really want in then the bottom of the flag might be and okay entry. Not an expert, I just see patterns!
Long
by walkin
2