I'm bullish on altcoins generally right now but I believe a strong corrrection is likely for SOL.
Shorting is almost always the more risky trade. Especially in these conditions. So...
Shorting is almost always the more risky trade. Especially in these conditions. So...
코멘트:
I took this trade as a crazy hedge to my crypto longs. If it works it will hedge me. If it doesn't I'm all good.
코멘트:
SOLBTC can clear these highs with a quick move but idk. It's just a crazy trade :D Let's see.
코멘트:
I like the macro outlook of SOLBTC btw.
코멘트:
My stop is 83 btw. I put that stop randomly on chart.
코멘트:
If you didn't get it, SOL showed sign of exhaustion here. But didn't do a type of correction which is a usual behavior to test divergences with aggrresive moves. Sometimes they even do a fake invalidation.
코멘트:
I think this is a good possibility. That's why my stop is around there. You might wanna try a short around my stop :D
코멘트:
Similar structures different conclusions. Devil is in the details. Or not :D It'd be funny if it works.
코멘트:
Here is a simple Wyckoffian look on SOL. If this is the accumulation, SOL is in the SOS phase. Considering how long the accumulation phase, expect a long SOS phase. My target on the chart was also kind of random :D If I see strength in SOL I'll close.
코멘트:
And I guess I don't have to say this but if this is the case for SOL, iit's insanely bullish.
코멘트:
For the history of SOL this accumulation is good enough. If you think it is accumulation.
코멘트:
So yeah I shorted a coin I think that looks good :D
코멘트:
If you are a SOL fan, this is the "be patient and faithful" phase. Buy more at the support and hope that it holds. If it doesn't hold, don't chase it. This is how it works.
코멘트:
Usually you see ranges like this, 2 important horizontals. It's a good thing. So target on the chart is not that random.
코멘트:
SOL to AVAX rotation was real?
코멘트:
This hedge short makes me net short (slightly) in crypto market right now lmao. Long positions just worked really well. I had to take profit. And the bear in me is still there.
코멘트:
Honestly this looked like a market-wide flush. Not something I really like for this position.
코멘트:
I moved stop to entry(74)
거래청산: 스탑 닿음:
Stopped at entry. Like I said macro SOL is good. My only problem with it there is no reaccumulation range yet. It's effectively up-only for spot holders. If you are not a big SOL fan it's just watch time imo.