$SOL
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 🤞
