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$BTC and $ETH going down again after a predictable rebound. Yet $SOL is still holding on due to ETF hype.
This is a really good short opportunity. Current price is 153, I've been shorting at 3x for days. Average entry price is now 149.
As we have observed from Ethereum ETF, this is all sell the news. Especially if it's Solana. Not only is the approval not even guaranteed, even if it does there is very little chance of a major pump.
Solana ETF really feels like a stretch. I have always been negative about Solana, been shorting it forever making money, and this time the hype is back.
Just don't go too high leverage because we can't tell when the hype will end. But surely this price level will be broken down eventually, possibly to 120.