We have witnessed a huge dump in the price of 
SOL after Alameda sold off their $SOL. This has certainly shaken the market. In my previous analysis (link is attached to this analysis) I explained my confluences as to why I am bullish on SOL in this last Quarter of 2022. My bias remains unchanged since the dump was due to a firm selling off their SOL to rescue their investment in 
FTT .
If you look at currentSOL analysis you will see that price has raided the major Sell-Side Liquidity. I can see no further reason for price to drop further from a Price Action point of view. In my opinion, this is the best time to accumulate SOL on Spot market and low leverage trades. Use proper Risk Management.
N.B: This is for Educational purposes and Not Financial Advice.
With this said, Happy Trading Pals
SOL after Alameda sold off their $SOL. This has certainly shaken the market. In my previous analysis (link is attached to this analysis) I explained my confluences as to why I am bullish on SOL in this last Quarter of 2022. My bias remains unchanged since the dump was due to a firm selling off their SOL to rescue their investment in FTT . If you look at current
SOL analysis you will see that price has raided the major Sell-Side Liquidity. I can see no further reason for price to drop further from a Price Action point of view. In my opinion, this is the best time to accumulate SOL on Spot market and low leverage trades. Use proper Risk Management.N.B: This is for Educational purposes and Not Financial Advice.
With this said, Happy Trading Pals
Note
Major Buy-Side liquidity* not major Sell side liquidity
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.