Two scenario for Solana: wait fot the trap❗

8 sept. 2022

Hi friends! Now the big players are trying to trap both long and short traders. We see 2 liquidity collections on the chart inside the narrow area of $31-33.

If the price continue it`s growth to $35-36 levels, this area become the huge resistance for the price. Here the place where you can take the short trade, if the price make a trap of the long traders. I`ll be waiting for the SELL order wall on DOM and Footprint there to open a short.

✅Here the preconditions for potential long trade. If BTC fall to 17-18k area, the altcoins also fall to interesting BUY areas.

📊 Preconditions to open a long:
🔥 fall to $27.4-29 value area where the most of long traders stop losses are placed
🔥 volume growth which confirms the long traders sl
🔥 DOM and Footprint confirms the whales buy orders
🔥 bullish BTC help altcoins to reach it`s long targets

🚩 I marked the volume growth, when the price fall to the local bottom. The same volume I expect the next time. It will be your chance and additionall precondition to open a long trade also. Don`t miss it❗

📊 The targets for long:
1. $35-36 - value area
2. $39-41.4 - value area

💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.