The post ( SOLANA SHORT/LONG TERM PRESPECTIVE) appeared on CRYPTO-DOCTORS
Disclaimer - The analsys are based on current market trends and situations as all of you know about the volatile nature of crypto. So, think twice before investing in any asset.
SHORT TERM PRESPECTIVE.
As u can see in the figure bilow is the analsys of SOLANA under 30-1hrs time frame it shows SOLANA has been facing a bear market structure by forming LH(LOWER HIGHS) and LL(LOWER LOWS) this type of structure is known as a bear market structure in crypto world if can see the chart carefully ( i m not adding any indicator in my charts as it will look choppy and willbe difficult for you to understant so i m just showing u the price action) we can see a strong resistance for SOLANA at (140.22) as this was the strong support before now flipped into a resistance and at the same time we have a trend line working as a resistance at the same price so for a short term prespective we have to wait for SOLANA to break thruogh the resistance area to confirm furthure gains towards our next resistance at (144.83).
LONG TERM PRESPECTIVE
If we talk about the long term holding plain so i will suggest to wait for SOLANA to touch at least the strong support at (130.59) where u can open a long position with a very little stop loss set at (128.67) and targeting ( 133.56) (136.79) (140.45) (144.79) areas. This scenario will take place once bitcoin touches the 59k support and holds it strongly but if bitcoin pumps from 60,300 then our short term target for SOLANA willbe an entry at the price of (133.56) a very little stoploss set at (132.67) targeting next resistance at (136.79) respectively if market shows more postive volume then u can hold for more long term targeting the resistance levels at (136.79) (140.37) (144.79) and even more. For now if bitcoin breaks above the resitance at 61,800 then we can see SOLANA breaking out of both horizontal and trend line resistance then u can slightly place a long order at the price of (140.26) a very small stop loss set at (139.42) targeting the upper resistance at (144.79) . These are all the scenarios for SOLANA LONG/SHORT term trading never ignore articles like this once as they help alot if u remember my article about BITCOIN it worked very amazing so this article is also going to work amazing inshallah. I always try to make my charts look simple and easier to understand hope u understant it.
And if anybody is facing losses again and over again feel free to talk to me in the comments we have a demo group where people earn+ learn for 0$ so lemme know if u people are interested.
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