๐ฅ$900M IN SOLANA COINS WILL BE UNLOCKED IN 20 HOURSโโ
๐ฅHi friends! Seems like Solana in terrible situation! After the announcment of $320M unlock in SOL, the Solana Compass data shows that the Solana Epoch network will unlock 49,973,143 SOL. At the current price of $18.82, the unlocked SOL will be worth more than $900 MILLIONโ This will happen in 20 hours.
๐ฉ Additionally, the FTX case is not help SOL and entire crypto market to recover. Bitcoin fall to it's local lows of $16,800. As far as we know, 99,9% of alts copy BTC sentiments (bullish/bearish). So only bullish BTC save alts.
Per multiple reports, Crypto.com has announced the suspension of USDT and USDC Stablecoin deposits and withdrawals on the Solana network.
โ So what is our trading plan to this eventโI recommend you to not panic (buy-sell), but wait for the best trading setup. I am already make some plan for you and will try to make it a little more often in the next 2-3 days.
๐ The main preconditions to open a short:
๐ฅ breakdown the $13-17 value area
๐ฅ test the value area as the reistance (you can wait also at the lower timeframes - 1h-4h.
๐ฅ volume growth that means someone sell a lot on the value area test and open a short
๐ฅ DOM and Footprint scalping tools indicates the huge buy and sell orders of the whales. If the huge SELL order walls apear, I will open a short trade with nice sl and possible 10-20RR.
๐ฉ If the price fall below the value area, the closest support is $2-4. This is possible fall by 67% because of no liquidity in this area!
BUT WHAT IF THIS JUST RETAILERS FEAR AND PANIC AT BTC BOTTOM?
๐ So for this case I leave here the plan to open a long on SOL for you:
๐ฅ the price continue to consolidate inside or above the $13-17 value area
๐ฅ liquidity collection below the local lows. This move will trigger the sl of traders who open a long in consolidation
๐ฅ volume growth which confirms the whales buy orders
You can also look for the trenline squeeze up and try to open a trade on the breakout on lower timeframes. The main precondtion is some manipulation before the local trendline breakout: sl collection, shakeout etc.
๐ฉ In this case I will also use DOM and Footprint scalping tools to prove my plan. If whales also buy a lot of SOL, I will open a long with them.
โ Traders, was it usefull for you? Do you have your personal plan to buy or to sell SOL, BTC or other crypto? Share it in the comments!
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
๐ฉ Additionally, the FTX case is not help SOL and entire crypto market to recover. Bitcoin fall to it's local lows of $16,800. As far as we know, 99,9% of alts copy BTC sentiments (bullish/bearish). So only bullish BTC save alts.
Per multiple reports, Crypto.com has announced the suspension of USDT and USDC Stablecoin deposits and withdrawals on the Solana network.
โ So what is our trading plan to this eventโI recommend you to not panic (buy-sell), but wait for the best trading setup. I am already make some plan for you and will try to make it a little more often in the next 2-3 days.
๐ The main preconditions to open a short:
๐ฅ breakdown the $13-17 value area
๐ฅ test the value area as the reistance (you can wait also at the lower timeframes - 1h-4h.
๐ฅ volume growth that means someone sell a lot on the value area test and open a short
๐ฅ DOM and Footprint scalping tools indicates the huge buy and sell orders of the whales. If the huge SELL order walls apear, I will open a short trade with nice sl and possible 10-20RR.
๐ฉ If the price fall below the value area, the closest support is $2-4. This is possible fall by 67% because of no liquidity in this area!
BUT WHAT IF THIS JUST RETAILERS FEAR AND PANIC AT BTC BOTTOM?
๐ So for this case I leave here the plan to open a long on SOL for you:
๐ฅ the price continue to consolidate inside or above the $13-17 value area
๐ฅ liquidity collection below the local lows. This move will trigger the sl of traders who open a long in consolidation
๐ฅ volume growth which confirms the whales buy orders
You can also look for the trenline squeeze up and try to open a trade on the breakout on lower timeframes. The main precondtion is some manipulation before the local trendline breakout: sl collection, shakeout etc.
๐ฉ In this case I will also use DOM and Footprint scalping tools to prove my plan. If whales also buy a lot of SOL, I will open a long with them.
โ Traders, was it usefull for you? Do you have your personal plan to buy or to sell SOL, BTC or other crypto? Share it in the comments!
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade!
์ฝ๋ฉํธ:
๐ฅHi friends! Breaking update on SOL unlocked tockens. Seems like the situation is much better that we expect!
์ฝ๋ฉํธ:
New announcements! Sam Bankman-Fried has resigned his role as CEO and will remain to assist in orderly transition!
The CEO of Binance CZ made a statement before: this crisis in the crypto industry is similar to the financial crisis of 2008. Crisis could lead to the collapse of a number of companies in the coming weeks.
I will prepare more updates and trading plans for you!
The CEO of Binance CZ made a statement before: this crisis in the crypto industry is similar to the financial crisis of 2008. Crisis could lead to the collapse of a number of companies in the coming weeks.
I will prepare more updates and trading plans for you!
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