I think $SOL is setting a trap here.
Price bounced hard from $96.21 and now everyone can see the recovery.
But I’m watching one thing.
$98.4 keeps rejecting price.
If SOL comes back into $98.3 to $98.5 and sellers hit it again, I’m taking the short.
I don’t want it at $97.9.
Above $98.7 I’m wrong.
Below, $97.2 is first.
And if $97.2 breaks, that whole bounce starts looking like a trap and $96.2 comes back into play very quickly.
Would you really long this bounce here?
I wouldn’t.
Price bounced hard from $96.21 and now everyone can see the recovery.
But I’m watching one thing.
$98.4 keeps rejecting price.
If SOL comes back into $98.3 to $98.5 and sellers hit it again, I’m taking the short.
I don’t want it at $97.9.
Above $98.7 I’m wrong.
Below, $97.2 is first.
And if $97.2 breaks, that whole bounce starts looking like a trap and $96.2 comes back into play very quickly.
Would you really long this bounce here?
I wouldn’t.
