I have been watching $SOL since yesterday and what a comeback it is. Yesterday it wicked down to $107.40 and everyone thought it was going to dump more. Today it just blasted straight to $116.85 with a massive green candle. That is a +7.6% move with almost $400M volume in 24h. This is not normal buying this is FOMO in full force.
But if you look closely the chart is screaming overheated. RSI(6) on 1h is 90.35 which is extremely overbought. Price is also far away from any moving average support. In this kind of vertical pump you should never chase the top. The smart move is to let it cool down, let weak hands take profit, and then look for a higher low. SOL is still bullish overall with +27% in 30 days and +60% in 90 days so the trend is up, we just need a better entry.
*Long Trade Signal After Cooling (Not Financial Advice):*
I am not longing here. I will wait for a pullback to $110 - $111 zone.
Entry: $110.5 - $111.0 on bullish reversal confirmation on 1h
Stop Loss: $107.2 below yesterday low
Target 1: $114.5
Target 2: $117.8 new high
Target 3: $122
Leverage: 3x to 5x max, risk 1-2% of capital. Let it breathe.
$NVDAB
$ZEC
#sol
#SolanaStrong #SOLUSDT #CryptoTrading #Altcoins #BullRun #CryptoSignals #daytrading #BİNANCE
But if you look closely the chart is screaming overheated. RSI(6) on 1h is 90.35 which is extremely overbought. Price is also far away from any moving average support. In this kind of vertical pump you should never chase the top. The smart move is to let it cool down, let weak hands take profit, and then look for a higher low. SOL is still bullish overall with +27% in 30 days and +60% in 90 days so the trend is up, we just need a better entry.
*Long Trade Signal After Cooling (Not Financial Advice):*
I am not longing here. I will wait for a pullback to $110 - $111 zone.
Entry: $110.5 - $111.0 on bullish reversal confirmation on 1h
Stop Loss: $107.2 below yesterday low
Target 1: $114.5
Target 2: $117.8 new high
Target 3: $122
Leverage: 3x to 5x max, risk 1-2% of capital. Let it breathe.
$NVDAB
$ZEC
#sol
#SolanaStrong #SOLUSDT #CryptoTrading #Altcoins #BullRun #CryptoSignals #daytrading #BİNANCE
