$SOL SOL DOM (SOLANA DOMINANCE) - breakout?
Looking at SOL.D
looks like a clean breakout
we can retrace the resistance trendline and notice 1 last line left (subject to perspective of course)
I imagine the first test of this line could get a rejection so if your long SOL, take some profits along the way and set your stop loss or trail your stop loss accordingly.
Not much 'analysis' to provide here as its a dominance chart, just basic trendlines work best on these charts (I find)
We've been bullish on SOL over this past year as well, its been holding off the lows quite well and the bounces of the pullbacks are very impulsive. Candles indicate VERY aggressive trading on way up AND on way down, favoring big money trading SOL very heavily.
I do suspect that even if BTC dumps again (eventually it will), I believe SOL will bounce impulsively each time with very aggressive reactions.
Volatility = Opportunity aka "Volaturnity"
Check out my in-depth analysis on SOL showing wave counts, calculated targets, potential scenarios providing both bullish and bearish views to help us all bank profits on the explosive SOL
looks like a clean breakout
we can retrace the resistance trendline and notice 1 last line left (subject to perspective of course)
I imagine the first test of this line could get a rejection so if your long SOL, take some profits along the way and set your stop loss or trail your stop loss accordingly.
Not much 'analysis' to provide here as its a dominance chart, just basic trendlines work best on these charts (I find)
We've been bullish on SOL over this past year as well, its been holding off the lows quite well and the bounces of the pullbacks are very impulsive. Candles indicate VERY aggressive trading on way up AND on way down, favoring big money trading SOL very heavily.
I do suspect that even if BTC dumps again (eventually it will), I believe SOL will bounce impulsively each time with very aggressive reactions.
Volatility = Opportunity aka "Volaturnity"
Check out my in-depth analysis on SOL showing wave counts, calculated targets, potential scenarios providing both bullish and bearish views to help us all bank profits on the explosive SOL
Comment:
basic resistance trendline analysis