ðĨâBREAKING UPDATE ON $900M SOL COINS UNLOCK: TIME TO BUY MOREâ
ðĨHi friends! SOL make +29% rebound after the latest NEWS by Solana Foundtation on the coins was published. I share with you the current situation and my trading plans/targets for SOL in this idea! Enjoy it!
ð This was good start of the week for Solana, because recently they announced massive partnership with Google Cloud. SOL even made +15% on this news.
Information about close relations between SOL and FTX was perceived especially negatively. The altcoin fall from $33 to $12. A lot of news about SOLANA coins unlock (worth of $900M) was published at Nov 9. This news dumped SOL. But FTX colapse and BTC fall push it even lower.
ðĨYesterday, official Twitter account of Solana Foundation made the first announcment on 28.5M of SOL coins unlock. âWhile 28.5M SOL was in the process of being unstaked during this epoch, the plan to unstake has now been postponed, and all 28.5M SOL have now been re-staked,â according to the tweet thread.
â This mean that unlocked coins were staked again and Solana Foundation don't let them go to the free market. The tweet pumped coin by +28%.
ð TRADING PLAN FOR SOLANA
â First of all, I think that local pullback to $23-27 is really possible in upcoming days. It's +30-40%.
This will be possible because of big amount of the short traders, that become FUEL for the growthðĨ
ðĐ I recommend you to find the local trendline (1-4h timeframe) and open a long trade on the before the breakout.
ðĨ My targets are at least $20, but $23-27 are also possible, so book the profit partly!
â Another scenario is the return to the local support at $14-16. There a lot of sl are placed below this value area, so it's another chance for the whale to scare the reailers and accumulate more SOL.
The best precondition will be the growth of volume, but I personally use DOM and Footprint scalping tools to identify the whales orders and open a trade with them.
ðĐ So, if the price fall below the value area and return above, it will be the best bullish signal!
Traders, have you already bought SOL or wait for the better price? What is your global targets for this altcoin? Write in the comments!
ðŧFriends, press the "boost"ð 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!
ð This was good start of the week for Solana, because recently they announced massive partnership with Google Cloud. SOL even made +15% on this news.
Information about close relations between SOL and FTX was perceived especially negatively. The altcoin fall from $33 to $12. A lot of news about SOLANA coins unlock (worth of $900M) was published at Nov 9. This news dumped SOL. But FTX colapse and BTC fall push it even lower.
ðĨYesterday, official Twitter account of Solana Foundation made the first announcment on 28.5M of SOL coins unlock. âWhile 28.5M SOL was in the process of being unstaked during this epoch, the plan to unstake has now been postponed, and all 28.5M SOL have now been re-staked,â according to the tweet thread.
â This mean that unlocked coins were staked again and Solana Foundation don't let them go to the free market. The tweet pumped coin by +28%.
ð TRADING PLAN FOR SOLANA
â First of all, I think that local pullback to $23-27 is really possible in upcoming days. It's +30-40%.
This will be possible because of big amount of the short traders, that become FUEL for the growthðĨ
ðĐ I recommend you to find the local trendline (1-4h timeframe) and open a long trade on the before the breakout.
ðĨ My targets are at least $20, but $23-27 are also possible, so book the profit partly!
â Another scenario is the return to the local support at $14-16. There a lot of sl are placed below this value area, so it's another chance for the whale to scare the reailers and accumulate more SOL.
The best precondition will be the growth of volume, but I personally use DOM and Footprint scalping tools to identify the whales orders and open a trade with them.
ðĐ So, if the price fall below the value area and return above, it will be the best bullish signal!
Traders, have you already bought SOL or wait for the better price? What is your global targets for this altcoin? Write in the comments!
ðŧFriends, press the "boost"ð 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!
Get access to the private club with VIP signals ð bit.ly/Biko_ViP
ð·Telegram ð t.me/+ICrmLIneDmRiYjIy
ð·YouTube ð bit.ly/YouTube_Lessons
ð·Telegram ð t.me/+ICrmLIneDmRiYjIy
ð·YouTube ð bit.ly/YouTube_Lessons
āđāļāđāļāļĩāļĒāļāļĩāđāđāļāļĩāđāļĒāļ§āļāđāļāļ
The CEO of Binance CZ made a statement before: this crisis in the crypto industry is similar to the financial crisis of 2008. Crisis could lead to the collapse of a number of companies in the coming weeks.
I will prepare more updates and trading plans for you!