Solana position trade for 1 year holding bullrun
2024-09-21

After na acceleration on Solana's price, a pullback is necessary for the continuation of the bull market. the Stochastic Indicator (Stoch) returns to the 30/20/10 levels, and the price goes at 140/138, or if loses this support, at 132/130, Solana's price tend to increase and achiev the next resistance at 160/165, aiming for a 20% gain in this swing trade. If this pullback materializes, patterns are going to form a ISHS with the price target at 165/170. 

My strategy is to take a position at this level, using 5X leverage for the full bull run cycle. If this support holds, it will likely confirm an uptrend. My price target for Solana at the end of cycle is around 450 if BTC achieve 120K dol, 600 with BTC at 150K, and 800 with BTC at 180K. 

At this point, the potential return for this position could be 16X in a pessimistic scenario of bullmarket, 22X at a acceptable scenario, and 30X in an excellent setting. 

This strategy can make a lot of new millionares, If an investor allocates $50,000 into this trade, in a acceptable settings, a 1 million dollar profit is inevitable.