earlyBTCAdopter

Is $86 SOL in the cards? Bull trap trap with a major correction?

Short
COINBASE:SOLUSD   Solana
A simple idea. Not financial advise, DYOR.

Will SOL retest $138? Try to get in the bullish zone of $160, fail and find bottom at $86?
Comment:
Looking good so far. Once BTC breaks down to $61-62K region, it will cascade very hard down, to find temporary support further down.
Comment:
If we find support in the $150-155, region and we push up towards $180-190. I may look to increase my bottom target.

As PA develops so does my analysis.
Comment:
We are on track! This game is all about patience. If you can avoid the BULL and BEAR traps, you are ahead of 95% of traders. Thought I would share something with you all.

We are currently in a massive distribution phase as mentioned before, where holders are taking profits, and will continue to do so, causing a cascading correction, where we will finally bottom, and the accumulation process will start all over again to eventually break ATH and continue with the bull run.

Comment:
I have a buy order at $78 (GBP pair). NFA. My price prediction bottom is somewhere between $86-77.
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