Ditch Solana and stack these three Altcoins now!

Yesterday saw significant action from altcoins, especially following the Solana ETF news. There was a strong push within Solana’s priceprompting some traders to take profits. As the market approaches the weekly close, it remains bullish heading into the weekend. A green close this week or next 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: Analysts’ Altcoin Rotation

However, on Crypto Banter “The Sniper Market Show” the analyst/trader explained why he is choosing other altcoins over Solana, stating that he is adopting a strategy. He used the hype around Solana to make his profits and has now moved on to other altcoins that are currently showing strength and are ready to bounce back.

Said that Polka dot is currently pumping and Mesh sweater looks strong. He moves his investments into these coins to make money while Solana cools down. Once Solana is ready again, he plans to come back and increase his position.

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

Chainlink’s 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 Cardano, bought at the bottom of a trend line, planning to place the stop loss just below. His strategy involves taking full positions before a market push so that he is ready to take profits during a rally. It needs a 10% move from Cardano and Chainlink to reach its next goal.

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

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