XO

“$SOL Tagged the Y/O almost to the tick... personally positioned short from the area - gives me downside cover against my spot play. What matters now is the character of any sell-off. Do we roll over with momentum and acceptance lower, or spend the coming weeks ranging and distributing? The measured move on this rally is similar to March- April 2022 - but the macro structure coming into the respective lows is significantly different to that of 2022. I'm increasingly interested in whether we're beginning to develop a much larger, multi-month structural range between the 60s and 120s. If so, the environment becomes far more rotational, plenty of opportunity on both sides rather than a market that demands a persistent directional bias. That's currently where I lean. The alternative is equally simple: this is consolidation before another leg higher. 125s remains my line in the sand above here and I flip - back under again... will sell again”

“@theunipcs 🐐”