You could say that Solana seemed strong when looking at its recent correction, the Feb./March correction.
While other Altcoins had a very strong decline, steep decline, Solana didn't go that deep... Let me tell you why.
The massive crash from the All-Time High and the FTX debacle was so strong that not only "weak hands" were removed but all players were kicked out.
Once everybody is gone there is nobody else left to sell.
At this point there can be buyers, people that are in the know, people with experience, traders, smart money or people with balls.
Once they are in and buying at the bottom, they are not buying to sell in a few days or weeks, they are buying for big profits and a long-term run.
When you see a pair crash this big the ensuing rise should be stronger than other pairs and the corrections smaller than other pairs because it has already gone through the worse.
It is true then what the Chinese proverb says... "Out of crisis, opportunity grows".
Namaste.
While other Altcoins had a very strong decline, steep decline, Solana didn't go that deep... Let me tell you why.
The massive crash from the All-Time High and the FTX debacle was so strong that not only "weak hands" were removed but all players were kicked out.
Once everybody is gone there is nobody else left to sell.
At this point there can be buyers, people that are in the know, people with experience, traders, smart money or people with balls.
Once they are in and buying at the bottom, they are not buying to sell in a few days or weeks, they are buying for big profits and a long-term run.
When you see a pair crash this big the ensuing rise should be stronger than other pairs and the corrections smaller than other pairs because it has already gone through the worse.
It is true then what the Chinese proverb says... "Out of crisis, opportunity grows".
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.