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If we crash hard I see Sol bouncing as a frontrun of 100 around 105-108 and then the big monthly support level is 96-97$.
This week will be ultra crucial, I see it as the deciding week for us to go into a bear market or hold the levels for the final full bull.
The chances of a failed cycle increased tremendously the last weeks.
Iâm short and hoping we take out those levels but Iâm praying that we bounce there strongly and can remain in a bullish market structure even if it means chop for the whole summer.
My bias for Monday is: red.
I do want to point out tho that this can shift very quickly
We have to adapt quicker than ever
Itâs possible that I re-enter in a couple of days based on new data which seems unlikely to me right now
But for now I clearly play Defense
I have been bearish for 1-2 months or 2+ since range highs
Then turned bullish on the dip - as you know, slightly too early but I gave us all an insane 80k long entry for a 18% bounce
Now we have to face the fact that SHORT TERM market participants lose hope
Legacy markets have lost monthly support and are at their last level of hope
Crypto Summit was a disappointing failure
My thinking here is that playing defense locally is smarter after all this action and with the current data weâre given.
Cash will remain king for now I believe and I for now rather miss the next move to the upside than absorbing a major selloff
Things seem heavily overheated after all and I go fully back into defense now.
We will be alright long-term guys donât worry
But good things take time.
Seems likely that Majors (BTC and big alts) are going to pull the majority of liquidity while a good amount of memes bleed or consolidate, except a few big mooners that continue or come out of tonight/the next couple of days
Let's see
Make sure to use the dips on bluechips to accumulate
Holy Pump !
gm gm
big day today
cant afford to stay off the screen, lock in mfer ?
heard BTC is a chad
$DOGE 17 cents âŹïž UP
two decent cooks today
but gotta get better and hit some 10-20x this week
dialed in, bear with me ..
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