#Solana⁩ #SOL🔥🔥🔥🔥 #BullorBear #WIF #SHIB

Is Solana back in track?

A strong buying volume is appeared in Solana that pushed up till 191.

Now what? Is bulls are going to win?

I will say Yes, they will win but traders like us might be in problem.

Why?

This market is well manipulated by the big institutional investors. They dump the market to the point where they want to buy and they push the market where they want to sell. In the chart we can see Sol got support at around 175 and then a strong buyiny volume appeared. It is clear that institutions were waiting to invest their money on that point and then Solana is rising up. Institutions only care about their profit. Many retail traders would take profit at the resistance level at 195, 199 and 204. Institutions know well where to sell their share to touch all the stop losses pointed by the retail traders. So they will pump the market till the stop losses to get all those money in the market and then they will sell their coins to take their won profit.

What to do now?

Well, if you have bought SOL above 200, hold it and take profit around 204 area, if you want to take risk then wait bcoz SOL will reach 220 in upcoming weeks.

If you’ve bought SOL below 199, take profit at the nearby point of 199, 195, 193.

Shall I open a trade now?

As I mentioned above Solana might go upto all possible resistance level, so if you want to open a trade wait for sol to reach to a support zone to buy and sell it to the next resistance zone. Don’t chess the market bcoz institutions know your movements.

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Happy trade guys.