The post Trading expert highlights ‘last short’ opportunity before the market changes appeared on BitcoinEthereumNews.com.

A trading expert and known crypto analyst highlighted the “last SHORT” opportunity he will publish in years. In this recent analysis, Alan Santana shared what he called a Solana (SOL) premium trade, setting bearish price targets. “This is the last public short of this period/cycle, once this and the other trades fully develop we will be living in a different world, truly. Things are about to change massively. This is the last SHORT that you will see me publishing in years, literally, so have fun.” – Alan Santana According to the analyst, Solana’s price chart remains bearish, making a new lower high in the two-day time frame. Santana forecasts a 378% potential for a 6x leveraged short position with good risk-reward if things play out as expected. By the analysis posting time, SOL was trading at $172.52, which the trading expert believed was an inverse correction. The upward movement consolidated the third tap in a downtrend line since March’s peak at $210.25, followed by July’s local top of $193.90. Solana price targets in Alan Santana’s ‘last short’ premium trade Following his strategy of selling or shorting when the price goes up in a bearish chart, Santana disclosed his targets. However, the trading expert also disclosed the $185 and $170 levels as the ideal entry points for this premium trade. In particular, Alan Santana’s price targets for this SOL “last short” start at $165 and go down to $64. Other key exit levels are $155, $148, $133, $113, $96, $82, and $73, resulting in a maximum potential of 378%. The analyst recommended setting the stop losses according to each trader’s risk tolerance. He also disclosed allocating 4% of his capital into this “premium trade,” shorting Solana. Solana (SOL) two-day (2D) price chart. Source: TradingView / Alan Santana Despite shorting Solana, Alan…

---

Filed under: News - @ October 26, 2024 4:19 pm