Ditch Solana and Stack These Three Altcoins Now!

Yesterday saw significant action from altcoins, especially following the ETF news on Solana. There was a strong push internally The price of Solana, prompting some traders to make profits. As the market approaches the weekly close, it remains bullish heading into the weekend. A green close this or next week could trigger a strong rally. Altcoins are showing strong momentum and a slow upward movement in Bitcoin could lead to gains in the altcoin market.

Strategic Moves: Analyst Altcoin Rotation

However, on Crypto Banter ‘The Sniper Show’ the analyst/trader explained why he is choosing other altcoins over Solana, saying it is strategic. He capitalized on the hype around Solana to make his profits and has now moved on to other altcoins that are currently showing strength and are poised to rally.

Said that Polka dot is currently pumping and Chain link it seems strong. He moves his investments to these coins to make money while Solana calms down. Once Solana is ready again, he plans to come back and step up to his position.

To clarify, he did not abandon his long-term investment in Solana but he did abandon his trading positions. He then took the paper back and bought Cardano yesterday at a higher price, but today he managed to get better prices. He finds Cardano easy to trade and hopes it will rise to around 44-45 cents, which would significantly increase his portfolio.

Chainlink Strength and Market Positioning

The analyst began building positions in Chainlink and Cardano. He sees Cardano waking up and looking strong, so he plans to trade it for the next 10% profit. For CardanoHe bought at the bottom of a trend line, planning to place his stop loss just below. His strategy involves entering full positions before a market push so he can be ready to take profits during a rally. He needs a 10% move from Cardano and Chainlink to reach his next target.

Read also: SEC Files Complaint Against Consensys Over Unregistered Crypto Transactions

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