SOL long (spot) - mean reversion trade

2022년 6월 24일Very 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