The name and introduction of the project token, and which exchange it can be traded on, project/team/technical background, etc.
Introduction of the token.
SOLANA is an open source project that has as its main function to ease Decentralized Finance solutions in the blockchain world. SOLANA was launched in March 2020 by SOLANA labs that is made up of its founder Anatoly Yakovenko and his colleague Greg Fitzgerald. More information about SOLANA can be seen below.
Exchange platforms available for this token.
There are more exchanges for SOLANA because it is a very popular and well-known crypto currency. We can see more of these currencies in this link.
Project/team/technical background.
- Price : $91.86
- Rank : #8
- Market Cap : $29,389,241,450
- Fully Diluted market cap : $46,782,387,395
- 24H Volume : $1,953,706,951
- Circulating Supply : 319,928,802.59 SOL
- Max Supply/Total Supply : 511,616,946
Source
Source
Source
We can see the information about SOLANA in the above images. We can see the highs and lows of price for different timeframes such as 24hour, 7day and all time.
Why are you bullish on this token today and how long do you think it can rise?
As we can see above, the price was in an uptrend up till the point where there was no impulsive movement and the price entered a flag. I waited for the price to break the flag so I could enter my trade.
By the time the price broke the flag, I placed my entry order into the market. Also, there was an increase in the volume at the break. The price is also above the 89-EMA line indicating bullish trend movement.
From the above screenshots, we can see that I placed my futures trade at a leverage of 20x. My take profit and stop loss prices are also seen.
But the price turned against my prediction and fell hitting my stop loss and from my futures trading, I had a loss of $3.
Thank you for reading.
@reminiscence01
@nane15