Solana or any other crypto assets are not Bitcoin, we should deal with them differently having carefully studied their market psychology and behaviour. Still, the trading style you explained has been long used and proven to work for every market you can think of, it may only take more time for each market. It's a kind of gravitational law strategy where the bought market must buy and the well-sold market must rise.

And yes, it works across all markets, you can try it with Bitcoin too.