IA Trade Alert: SOL (Patreon)
Published:
2022-07-18 23:28:44
Edited:
2022-07-18 23:29:22
Imported:
2022-08
Content
Hi Team
As you know I have been scalping in and out of GOOG SOL MSTR BTC but now it is more of an accumulation time.
I got some SOL per the model today at $39.56
Thesis:
- Funny when I look back, most of my additions to SOL were at $8, $20, $35 and $50 and $60. Buying now under $40 is still cheap.
- The chain has more DAU's than ETH
- More Transactions than all chains combined.
- It is also trading at 1/14th the market cap of ETH which is just nonsense.
- SOL is lagging ETH on the SOL:ETH pair and I believe it will catch up
We are not out of the woods but the gray clouds are dissipating fast.