Posteo
$SOL
Oh man!!!
Did SOL really sneak up to 87.3?
But hold your horses, whether it can hold this level
All depends on whether it can bounce off 85.5.
Simply put, if 85.5 holds, the rebound pattern is still alive.
First, let’s see if we can genuinely break through 87.3.
Once we push past that, the daily level pressure around 89 will be the real deal.
For shorts, I’d recommend waiting until that area to consider.
Don’t get caught in the middle.
On the flip side, if 85.5 gets taken out, don’t hesitate; this rebound is basically over.
We’re likely to drift around 84-83.
That area might actually be a low-entry opportunity for some short-term longs.
The big players have been controlling the market in a super annoying way, randomly spiking to trigger stop losses, so don’t go heavy.
Remember: in this kind of market, wait for confirmation signals before making a move; being a bit slow is better than being too fast and getting wrecked.
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