🚨 $SOL Market Update
I opened a short on $SOL around 73, and the market has since rallied nearly 7% in a single day.
The main reason for the pump is that SOL was trading at a significant discount. However, after this sharp move, the price is starting to form a weaker high, which could become an early sign of bearish momentum if buyers begin to lose strength.
I'm not adding to my position yet. I'll look for a DCA opportunity only after the upcoming news and once the market structure clearly shifts back to bearish.
📢 A major news event is expected in about 1.5 hours, and it could bring significant volatility.
For now, the best approach is simple: stay patient, let the news play out, and wait for confirmation before making the next move.
#SKHynix2xLongETFFallsOver30% #AvalancheTreasuryFlagsGoingConcernRisk #AsianStocksDeclineOnChipSelloff #BlackRockIBITHoldingsFallNearly100000BTC #MicronFalls10.5%
I opened a short on $SOL around 73, and the market has since rallied nearly 7% in a single day.
The main reason for the pump is that SOL was trading at a significant discount. However, after this sharp move, the price is starting to form a weaker high, which could become an early sign of bearish momentum if buyers begin to lose strength.
I'm not adding to my position yet. I'll look for a DCA opportunity only after the upcoming news and once the market structure clearly shifts back to bearish.
📢 A major news event is expected in about 1.5 hours, and it could bring significant volatility.
For now, the best approach is simple: stay patient, let the news play out, and wait for confirmation before making the next move.
#SKHynix2xLongETFFallsOver30% #AvalancheTreasuryFlagsGoingConcernRisk #AsianStocksDeclineOnChipSelloff #BlackRockIBITHoldingsFallNearly100000BTC #MicronFalls10.5%