📊SOL: wait for the squeese and BREAKOUT!

26 avr. 2022

📈#6 Solana (SOL) has long been in consolidation with other cryptocurrencies. The whales🐳 have been making traps for traders by taking out stops of long and short traders for more than a month🎣 In consolidation, a large number of traders accumulate long positions, but the big player, in order to collect liquidity, makes manipulations🎣

Firstly, they start selling to long traders🐂 who open positions on a breakout of the $99-104 value zone. After that the price decreases below this zone and mass sales of traders who want to close their positions + short traders🐻 on the breakdown begin to open their positions. After that, the price goes up again and liquidate short traders. In trading, it is important to wait and it is not necessary to trade absolutely all of the patterns🍵

I'll share a few scenarios with you!
First scenario. Price will continue to consolidate in this $99-105 value zone until Bitcoin clearly shows a trend. What is a trend we talked about in this idea!

Second scenario. I have marked a global trend line under which the price begins to consolidate. Local manipulation is possible, but you need to pay attention to volumes. See how they were rising when the whales🐳 were doing the manipulations? The same should happen again!

🎯Targets:
🔶$113-116
🔶$135-140

Friends, press the "like"👍 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.