SOL / TetherUSShort
60% crash for SOLANA to $100 on the horizon?
Updated
** A forecast for the months ahead **
SOLANA bulls are tenacious, their resolve for project and price appreciation is unshakable. But we're in the business of making money not pandering to reclusive developers and empty promises.
As with all Ponzi schemes, they melt down as fast as they melt up. We can benefit from those opportunities or supply them. 90% of those reading this volunteer the supply route.
Why should profits now be taken?
On the above 5 day chart:
1) Price action is up 2400% from floor.
2) Price action and RSI Support breakouts.
3) Regular bearish divergence. Unlike other divergences, this one is measured over the same period of time as the bullish divergence in October 2022 that started the bull market. You think this time is different?
4) Gravestone DOJI candle print. (see chart below).
Is it possible price action continues upward? Sure.
Is it probable? No
Ww
5 day Gravestone DOJI
Note
PS: if strong support is seen at the 170-180 area, another higher high to 404 may print.
Ask me below to update the idea around those levels.
Remember WW does not trade nor have a position in almost everything he publishes on TV.
Note
Nice big hammer candle printing.
Influencers on Youtube talking about a move to $400 to $500.
For that to happen, market structure at $260 has to be broken.
Trade active
Broken market structure confirmed. But I'm guessing you knew that already... Note
Abandon ship!!! Note
"Are you for real on SOL ?? blah blah said it was going to $500"
Write a member of public.
You bet your boots I'm serious. A beautiful bearish divergence prints as market structure gives way to gravity.
Bulls make money.
Bears make money.
Pigs get slaughtered.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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