SOL has now got a spot #ETF (Bitwise), and that thing pulled in nearly $70 million in inflows on day one — not bad. People and institutions have clearly been waiting for this one.Normally, these types of events are textbook “sell-the-news” moments. However, in this case, if the inflows stay strong and even start growing day by day, that’s definitely not bearish.
Chart-wise, I published my strategy for #Solana recently (quoted post), and the plan stays the same — patiently wait for a breakout, especially with the latest bearish hidden RSI divergence; I never ignore these.
The bullish MACD crossover and hidden bullish OBV divergences can’t be ignored either, but I definitely won’t go long before a confirmed breakout.
Rules are rules. #FOMC day today, so I’d rather not open any new positions until tomorrow.
👽💙
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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.