everyone thinks the pump is back on when a coin reclaims local resistance, but actually most degens are just walking straight into an exit liquidity trap.
watching your green pnl evaporate because you bought the fakeout bounce instead of taking profits is easily the worst feeling in this market. you keep telling yourself it will make a new high, then get trapped holding bags all the way down.
look at what just went down on $SOL as a classic case study. the push from 97.36 up to 105.77 looked clean on lower timeframes, but that run was pure fomo. once price got rejected at 105.77 and dropped to 100.30, the lower highs started stacking up fast. the subsequent push only reached 103.11, losing 2.5 usd from the top right away.
the price action confirmed the bleed right after, ngl. $SOL bounced to 102.37, then slipped down to 101.18 before struggling to even touch 102.29. when lower highs print back-to-back like that, sellers are distributing while retail tries to catch a bid alongside choppy moves in $BTC .
if buyers cannot defend the immediate 94 to 96 support zone, the chart suggests a full reset toward 80 is on the table.
where do you think this goes from here?
#solana #cryptotrading #priceaction
watching your green pnl evaporate because you bought the fakeout bounce instead of taking profits is easily the worst feeling in this market. you keep telling yourself it will make a new high, then get trapped holding bags all the way down.
look at what just went down on $SOL as a classic case study. the push from 97.36 up to 105.77 looked clean on lower timeframes, but that run was pure fomo. once price got rejected at 105.77 and dropped to 100.30, the lower highs started stacking up fast. the subsequent push only reached 103.11, losing 2.5 usd from the top right away.
the price action confirmed the bleed right after, ngl. $SOL bounced to 102.37, then slipped down to 101.18 before struggling to even touch 102.29. when lower highs print back-to-back like that, sellers are distributing while retail tries to catch a bid alongside choppy moves in $BTC .
if buyers cannot defend the immediate 94 to 96 support zone, the chart suggests a full reset toward 80 is on the table.
where do you think this goes from here?
#solana #cryptotrading #priceaction
