AXYZ retweetledi
🚨 Here's when you should SHORT Solana and dump on the fanboys. They are an excellent sell signal.
I've been in this space for 10 years & seen it many times:
1️⃣ Track the % of SOL staked and if that % is going up. Wait so long the % increases.
2️⃣ Know that Solana will continue to pump at first. Don't rush. 2024 will likely be a bull year.
3️⃣ Once fanboys start going euphoric and call for SOL's price reaching $1,000, pay attention. Look for posts like "I sold my house for more Solana".
4️⃣ While retail or "dumb money" are congratulating themselves for being so "smart" the VCs or "smart money" will start unloading.
This is when staking % starts to decrease as SOL's price goes higher = a bearish divergence! Get ready, that's your sell signal.
5⃣ When SOL's price starts going parabolic and forms a bearish divergence (see #4), VCs will unload hard. This usually happens as the price breaks all-time highs one after another.
Sell the FOMO and euphoria when that happens. The stronger it is, the more you should sell. Liquidate all your SOL on the way up. DCA out.
6⃣ WAIT after you sold it all. Don't chase if the price goes higher still.
Timing the market is not easy. Buying FOMO is a poor risk/reward play at that point and you're just gambling.
7⃣ Once Solana makes two consecutive lower highs and lower lows on the weekly timeframe, it's time to look for shorts.
Unstaking % is picking up? Even better, more coins about to dump. Shorts will do well in this environment.
8⃣ Most retail buyers have no concept of cycles, price momentum and VCs behaviour. If this is your first cycle, do NOT hold altcoins after this bull market ends. They crash 90% to 99%.
How do you know when this bull market is over?
I will tell you. So hit a follow @duonine, read my newsletter, join my discord. Stay informed!
Last bear market, SOL crashed 97%. That means $1,000 turned into $30. Don't be that guy.
9⃣ Take your profits and GTFO.
Those selling their house for more SOL as the price breaks into new ATH are just transferring their wealth to the VCs dumping on them.
Smart money gets rich, dumb money gets poor. Nothing new under the sun.
🌟 BONUS TIP
I do not know to what extent VCs are engineering SOL's pump, likely to some extent.
But I am 100% certain they are engineering the meme coin mania on Solana chain. See #BONK
They figured out last cycle that a great way to pump Solana at a penny to the dollar was to create FOMO pumping illiquid meme tokens on its chain.
How?
VCs create dog & cat meme tokens with 50k liquidity that show a fake market cap of $10M, $20M, $50M. You CAN'T sell those tokens for millions!
Retail jumps to SOL network chasing dogs and cats and then they take profits into SOL thinking it's a blue chip. It's "safe" to hold. 🤣
It's not. You're just exit liquidity.
VCs are in the business of making money, not making you rich.
Be smarter.
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