What Will the Month of June Bring?
When I look at the Solana charts, I feel that this rally, which started on April 7th, is eerily similar to the last rally of the 2021 bull run.
Was this rally a dead cat bounce?
If I had to place a bet on it right now, without any further information, I’d lean towards dead cat bounce, and we move lower from here.
We can’t predict the future, but we will have a plan for both scenarios, whether the outcome is up or down.
For now, we will monitor the broader stock market, bond markets, tariffs, and geopolitical news.
If the broader market dumps, expect BTC and Solana to experience a significant decline.
Key Levels I’m Watching
For now, I’m sidelined.
I’m comfortable waiting, watching, and reacting to new information.
The key level I’m watching is Solana @ $141.
This should be a significant support level at which I will consider opening a LONG position.
Not Financial Advice!