It's Almost Time For Solana... Don't Miss Out

7 Dec 2023 · 11 min
10:40

In this solo-presenter cryptocurrency market analysis, the creator examines Solana (SOL) across multiple timeframes, starting with a weekly chart that highlights a key resistance around $77.50. He argues that earlier daily‑chart analyses were too zoomed‑in and that a broader view reveals a more realistic short‑term target of $77.5, with potential for higher extensions. The video then shifts to a longer‑term narrative, noting that Solana currently holds only about 2.8% of Ethereum’s market cap and could reach 10% of ETH’s valuation, implying price levels between $300 and $700 in a future bull market. Technical trading methodology is presented: every large bullish expansion follows a sweep of sell‑side liquidity (a swing low), while bearish moves follow buy‑side liquidity sweeps (a swing high). The presenter recommends monitoring 15‑minute to 1‑hour charts for these liquidity sweeps, using Fibonacci extensions (typically 0.5 increments) to set targets, and identifying “discount zones” (price below the 50% retracement line) for entry. Fair value gaps and internal vs. external liquidity concepts are explained as tools for both swing‑trading and longer‑term investing. Risk management is acknowledged, emphasizing that no system guarantees success and that traders must be ready to flip bullish to bearish stances if price fails to make new highs. The video concludes with a call to action: future videos will cover high‑potential Solana ecosystem projects, and viewers are invited to subscribe to the channel and the Wins in Cash newsletter for daily actionable trading tips.

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