📈SOL: potential pullback! Don't fall into THIS trap.

٢٢ يونيو ٢٠٢٢

Solana (SOL) is now under the sellers pressure. I marked how the volume growth when the SOL reached new highs. That means that retail traders buy the highs in case "to not miss the opportunity" but actually it`s just another pottential trap for them.

After the price return to the key level of $37.37 the volumes have to confirm that big players continue to sell the SOL as it marked on the chart. Only after this we have the good opportunity to open a short trade with good RR.

The target is a value area of $28-32. There is also the global trendline which is also have to be the HUGE support for the price. After this pullback we can expect the continuation of consolidation or local growth until BTC nt be ready to reach news highs.

How do you think the Solana continue to grow and be the top gainer of the next year or it`s blockchain is not ideal and it`s goes donw int he top crypto list? Let me know in the comment your thoughts about fundamentals!

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