Hello traders,
Currently I’m observing some uncertainty in Solana ($SOL ) regarding the formation of Wave B (purple). On the other hand, Bitcoin ($BTC ) appears to have already completed its Wave B and may soon move towards Wave C, which is typically a stronger downward move.
As we know, SOL often follows BTC’s trend, so there is a high probability that Solana could also enter its Wave C phase soon.
🔍 My Current Approach:
At this stage, I’m avoiding any buy entries. I prefer to wait and watch for a potential lower low, since Wave C usually results in a deeper correction.
📉 If the market confirms further downside, better opportunities may appear at lower levels.
⚠️ Disclaimer:
This is purely my personal analysis for educational purposes only.
Not financial advice. Always do your own research (DYOR) and manage your risk properly.$BTC
