Solana Technical Commentary on Bullish Rally (SPOT ETF APPROVAL)- Solana is currently trading at 165$
- Solana can be the next Money Printer
- Solana could be the next one to rally because SOL Spot ETFs may get approved by the SEC next month according to Bloomberg
- Bloomberg has mostly been accurate on past SPOT ETF approval calls
- Solana has a higher transaction volume with minimal congestion and low fees.
- Technically, I see the 140-150$ range as an OTE and once Solana breaks above 180$ I will wait for a pullback before adding more size
- Betting Big on Solana looks highly rewarding from a structure perspective 250$ looks easy by the end of Q4
Solanasignals
Solana 4H Swing Long Entry Setup - Solana is currently trading at 128.8$
- Solana is trying to shift its market structure to bullish, and this will be confirmed once we see a flip above 136-139$
- Solana on a 4H TF is trying to build a consolidation base which should eventually lead to a larger expansion
- Solana and the whole crypto market is currently waiting for a bullish catalyst in order to move higher
- We have 4 central banks speaking this week all eyes on what Jerome Powell will comment and this will dictate the price action for the upcoming weeks.
- Manage risk properly and don't over risk
Solana Swing Long Update - Solana is currently trading at 147.6$
- Solana is up 15% from my call out
- Solana can easily purge 160$ and above
- There are 2 paths that Solana can follow first where we see it retracing back to 135-140$ and the moving above with more strength, second path where we see it moving up to 160$ without a stop and the retrace back
- I will wait for Solana to revisit 135-140$ and that's where my first point of interest lies