$SOL With the Sol daily chart Making a Lower high lower low pattern, we are likely to see 180-190 $ Levels soon. Profit booking from whales, liquidation from exchanges are likely to be the main reasons.
Bitcoin will enter a bear phase soon where we can expect the entire market to follow on afterwards. Take short positions friends. Wait the hype out $BTC
The market is currently facing a fake upmove to trap more retail investors, however institutional players such as BlackRock, who are sitting at around a $1 Billion USD worth of bitcoin , averaging around 40k-50k buying price, are likely to Sell and book their profits.
The upmove is simply to act as liqudity for the Whales. 90% of traders are currently bullish which is why it's a cause for concern. In the market, only the small % Earns a profit. Call me paranoid, But I am certain the markets will take a huge liquidity dip again, with BTC possibily retesting 90k levels soon. The real Rally will start after that
I would not advise opening short positions s well as it's likely Your stop loss will be hunted. Wait for a massive volume spike towards the short side to take a trade. Good luck folks 🤞
As I previously predicted in the morning , Sol is down 10$ and likely to continue falling. It's still not too late for a short position target till 180$ after which a sharp upward rally is expected
Let's be honest, with 95% of crypto traders opening long positions with crazy leverage, we can and should expect a fall in all assets. I believe the market will come back to take the liqudity off Retail players and back to institutional players for the main final rally.
Book your profits or open short positions.
Etheruem is one of the few assets I'll suggest investing or opening Longs in, since the target is a good $5000
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