Solrise Finance (SLRS) - 100x opportunity** High risk, $26m market capital **
Happy with the risk? Read on..
What is it?
“Solrise Finance is a decentralised, trust-less, and non-custodial asset management platform built on Solana. Solrise allows anyone to start or invest in a fund with as little as $20.” Think you could be a hedge fund manager?
The direct competitor here is Enzyme Finance (MLN) (used to be MELON) operating on the Ethereum network. Have been invested in this one for years. But dang the gas fees, it’s killing it for investors with less capital. Therefore I’m also watching for other possibilities.
Both of these platforms do what Hedge funds do but without the middlemen, legal costs, capital costs.
The amount of cash sloshing around in hedge funds today is incredible. Should only a tiny amount of that money enter the DeFi asset management space - you get the picture.
The TA:
On the above 1-day SLRS/BTC chart price action has corrected 70% since the ‘incredible sell’ signal. Now is an excellent time to be bullish. Why?
1) A ‘incredible buy’ signal has now printed.
2) A higher low has now printed on past resistance. Look left.
3) Double bullish engulfing candles.
4) Price action confirmed support on the 618 golden ratio.
The dollar chart is very similar (below) with price action currently on the 0.786 golden ratio following the ‘incredible buy’ signal.
Is it possible price action falls further? Sure.
Is it probable? Unlikely.
Good luck!
WW
1-day dollar chart
