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đšHere's when you should SHORT Solana.
They are an excellent sell signal.
1. Track the % of SOL staked and if that % is going up. Wait so long the % increases.
2. Know that Solana will continue to pump at first. Don't rush. 2024 will likely be a bull year.
3. Once fanboys start going euphoric and call for SOL's price reaching $1,000, pay attention. Look for posts like "I sold my house for more Solana".
4. While retail or "dumb money" are congratulating themselves for being so "smart" the VCs or "smart money" will start unloading.
This is when staking % starts to decrease as SOL's price goes higher = a bearish divergence! Get ready, that's your sell signal.
5. When SOL's price starts going parabolic and forms a bearish divergence (see #4), VCs will unload hard. This usually happens as the price breaks all-time highs one after another.
Sell the FOMO and euphoria when that happens. The stronger it is, the more you should sell. Liquidate all your SOL on the way up. DCA out.
6. WAIT after you sold it all. Don't chase if the price goes higher still. Timing the market is not easy. Buying FOMO is a poor risk/reward play at that point and you're just gambling.
7. Once Solana makes two consecutive lower highs and lower lows on the weekly timeframe, it's time to look for shorts.
Unstaking % is picking up? Even better, more coins about to dump. Shorts will do well in this environment.
8. Most retail buyers have no concept of cycles, price momentum and VCs behaviour. If this is your first cycle, do NOT hold altcoins after this bull market ends. They crash 90% to 99%.
How do you know when this bull market is over?
I will tell you. So hit a follow @BitEagle News
Last bear market, SOL crashed 97%. That means $1,000 turned into $30. Don't be that guy.
Take your profits and GTFO.
Those selling their house for more SOL as the price breaks into new ATH are just transferring their wealth to the VCs dumping on them.
Smart money gets rich, dumb money gets poor. Nothing new under the sun.
~YOU CAN SUPPORT BITEAGLE NEWS BY TIPPPING US.
THANK YOU!!!
#Solana
They are an excellent sell signal.
1. Track the % of SOL staked and if that % is going up. Wait so long the % increases.
2. Know that Solana will continue to pump at first. Don't rush. 2024 will likely be a bull year.
3. Once fanboys start going euphoric and call for SOL's price reaching $1,000, pay attention. Look for posts like "I sold my house for more Solana".
4. While retail or "dumb money" are congratulating themselves for being so "smart" the VCs or "smart money" will start unloading.
This is when staking % starts to decrease as SOL's price goes higher = a bearish divergence! Get ready, that's your sell signal.
5. When SOL's price starts going parabolic and forms a bearish divergence (see #4), VCs will unload hard. This usually happens as the price breaks all-time highs one after another.
Sell the FOMO and euphoria when that happens. The stronger it is, the more you should sell. Liquidate all your SOL on the way up. DCA out.
6. WAIT after you sold it all. Don't chase if the price goes higher still. Timing the market is not easy. Buying FOMO is a poor risk/reward play at that point and you're just gambling.
7. Once Solana makes two consecutive lower highs and lower lows on the weekly timeframe, it's time to look for shorts.
Unstaking % is picking up? Even better, more coins about to dump. Shorts will do well in this environment.
8. Most retail buyers have no concept of cycles, price momentum and VCs behaviour. If this is your first cycle, do NOT hold altcoins after this bull market ends. They crash 90% to 99%.
How do you know when this bull market is over?
I will tell you. So hit a follow @BitEagle News
Last bear market, SOL crashed 97%. That means $1,000 turned into $30. Don't be that guy.
Take your profits and GTFO.
Those selling their house for more SOL as the price breaks into new ATH are just transferring their wealth to the VCs dumping on them.
Smart money gets rich, dumb money gets poor. Nothing new under the sun.
~YOU CAN SUPPORT BITEAGLE NEWS BY TIPPPING US.
THANK YOU!!!
#Solana
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