take a look at the way SOL has moved this year. after each period of consolidation, price has rallied HARD (3x-4x).
if i were trading this breakout, i'd take profit in the $230-$250 range (in case we see a top where 2x buying pressure subsides), and let the rest ride.
of course i'm NOT actually trading this because i think there's a lot more room to run before this cycle peaks, and we could see 4-figure prices:
don't forget though that this parabolic growth is not sustainable indefinitely.
if i were trading this breakout, i'd take profit in the $230-$250 range (in case we see a top where 2x buying pressure subsides), and let the rest ride.
of course i'm NOT actually trading this because i think there's a lot more room to run before this cycle peaks, and we could see 4-figure prices:
don't forget though that this parabolic growth is not sustainable indefinitely.
Kommentera:
here we go
