Sol Strategies Inc. (CSE: HODL) is a Toronto-based Canadian investment firm specializing in cryptocurrency and blockchain-related assets. The company’s primary focus is on treasury management through activities such as lending, staking, and liquidity provisioning. Additionally, Sol Strategies actively invests in early-stage companies operating in decentralized finance (DeFi) and blockchain technologies while also engaging in Bitcoin mining and serving as a validator for the Solana blockchain.
Formerly known as Cypherpunk Holdings Inc., the company rebranded in September 2024 to better align with its strategic focus on the Solana blockchain ecosystem. In a manner reminiscent of MicroStrategy’s Bitcoin-centered investment approach, Sol Strategies has opted to use Solana (SOL) as its principal digital asset.
Given that the altcoin season has yet to fully materialize, Solana retains significant growth potential, which could result in substantial returns on investment (ROI) for Sol Strategies. My Elliott Wave analysis of this stock suggests that it is on the verge of initiating the next leg of a five-wave macrocycle. The first wave, characterized by a five-wave impulse, was followed by a significant correction—a common feature of Elliott Wave theory—resulting in a 50% decline at the end of January. Such corrective phases are typical in low-cap stocks, where retracements tend to be more pronounced.
As indicated by my technical chart, Sol Strategies is breaking out of its local downtrend, with a daily close above the resistance trendline potentially signaling renewed bullish momentum. Given these technical and macroeconomic factors, I plan to "HODL" this stock for the long term as altcoin season progresses. I will continue to monitor the next impulsive wave structure to identify an optimal exit strategy.
Formerly known as Cypherpunk Holdings Inc., the company rebranded in September 2024 to better align with its strategic focus on the Solana blockchain ecosystem. In a manner reminiscent of MicroStrategy’s Bitcoin-centered investment approach, Sol Strategies has opted to use Solana (SOL) as its principal digital asset.
Given that the altcoin season has yet to fully materialize, Solana retains significant growth potential, which could result in substantial returns on investment (ROI) for Sol Strategies. My Elliott Wave analysis of this stock suggests that it is on the verge of initiating the next leg of a five-wave macrocycle. The first wave, characterized by a five-wave impulse, was followed by a significant correction—a common feature of Elliott Wave theory—resulting in a 50% decline at the end of January. Such corrective phases are typical in low-cap stocks, where retracements tend to be more pronounced.
As indicated by my technical chart, Sol Strategies is breaking out of its local downtrend, with a daily close above the resistance trendline potentially signaling renewed bullish momentum. Given these technical and macroeconomic factors, I plan to "HODL" this stock for the long term as altcoin season progresses. I will continue to monitor the next impulsive wave structure to identify an optimal exit strategy.
Trade attivo
Taking the long Nota
Stopped out on the original move, but will be re-entering now at the anchored VWAP, and CC 618 which is here Nota
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Extended my stop slightly to account for todays price action. Nota
Adding a bit more shares on the vwap reclaim/retest here Nota
Longer picture, lets see this bad boy pump! Nota
I will also be taking major profits at 2 zones, downtrend VWAP, and the 0.618. If we break both then I will still have 20% of the trade running for higher targets Nota
Downtrend VWAP providing resistance. Daily time frame still looking nice, stop is very well defined as the loss of the vwapNota
Constantly finding support at the vwap. I would happily close the trade if vwap is lostNota
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Looking for a pop on this bad boy after a few months of potential accumulation. Nota
Look at that GOD candle Nota
Back above $4Nota
Will be compounding this trade on the drop 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.