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An avid trader says he is investing in a Solana-based (SOL) revenue-earning project in hopes that the token will trigger a series of massive rallies.
A pseudonymous crypto trader known as Capo told his 551,000 Twitter followers that he believes the crypto markets will give direction early next month if the Federal Reserve approves another rate hike. says.
Bitcoin (BTC) will lead the crypto market correction after the Fed announces a 75 or 100 basis point rate hike, according to Capo.
BTCs potential roadmap.
BTC is now above $19,000 because yesterday’s drop was more of an excursion than a direct price drop, Capo said.he To tell A move above $21,000 is still possible before a dramatic correction to the $14,000 level.
Price is currently above $19,000, so any move below this level is considered a deviation (bullish).
Incoming demand confirms this. We have the fuel to keep rising.
The short squeeze isn’t over and it’s very likely you’ll reach $21,000. Then go fully bearish again and wait for a new low.
$21,000 is the trader’s base case, but he’s still Preparation A breakout of resistance levels to other targets in the mid-$20,000s is likely.
From what I see right now, $21,000 should be the resistance. [higher time frame] near.
Chart example.
Looking at the altcoin market, Capo says he just grabbed a bag of STEPN (GMT), a popular monetization project built on the Solana blockchain.
According to traders, GMT is gearing up for a massive 42% gain from the current price of $0.58 to $0.84.
Based on Capo’s chart, he also foresees a 60% drop from the $0.84 level to $0.33 before igniting a strong 248% bull market to the $1.15 area.
“I just bought a GMT bag.”
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