This is an easy environment to look smart, and the market will inevitably do what it does best (make the masses look dumb).
I typically sit on the sidelines during these crypto bull runs when it comes to non-majors. At over $100bn of market cap, I don’t think $SOL can be considered less at this stage. But I post this chart, while saying that I tread lightly it anything that’s not Bitcoin.
I can’t ignore the risk/reward setup here. Against the March high of $205, I’m playing this for at least a return back to prior all-time highs. That’s an over 4x risk/return proposition. A similar setup in $BTC worked fairly quickly, before it faded and is now doing what it’s doing. $ETH is lagging in its bounce back. I’m firing my shot.