SOL / TetherUS

$SOL (DAILY): HIDDEN BEAR RSI divergence, $69M ETF inflows

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SOL has now got a spot #ETF (Bitwise), and that thing pulled in nearly $70 million in inflows on day one — not bad. People and institutions have clearly been waiting for this one.

Normally, these types of events are textbook “sell-the-news” moments. However, in this case, if the inflows stay strong and even start growing day by day, that’s definitely not bearish.

Chart-wise, I published my strategy for #Solana recently (quoted post), and the plan stays the same — patiently wait for a breakout, especially with the latest bearish hidden RSI divergence; I never ignore these.

The bullish MACD crossover and hidden bullish OBV divergences can’t be ignored either, but I definitely won’t go long before a confirmed breakout.

Rules are rules. #FOMC day today, so I’d rather not open any new positions until tomorrow.

👽💙

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