$SOL - LONG conviction building (x40)
Most traders miss what $SOL is really saying above 50
TRADE PLAN
Entry zone: 105.62 - 105.76 (ref 105.669)
TP1: 106.5 (+0.79%)
TP2: 107.1 (+1.35%)
TP3: 107.7 (+1.92%)
Stop loss: 104.94 (-0.69%)
RSI sits at 66 on the 1-hour and 54 on the 4-hour, both above 50 but under 70. Buyers are in control without running hot. Selling pressure is real though, with 53.6% of 30-minute market orders hitting the bid.
The first one paid part of the way. Second entries are rarely as clean, so I am going smaller.
⚠️ Personal market insight, not investment advice. DYOR.
Most traders miss what $SOL is really saying above 50
TRADE PLAN
Entry zone: 105.62 - 105.76 (ref 105.669)
TP1: 106.5 (+0.79%)
TP2: 107.1 (+1.35%)
TP3: 107.7 (+1.92%)
Stop loss: 104.94 (-0.69%)
RSI sits at 66 on the 1-hour and 54 on the 4-hour, both above 50 but under 70. Buyers are in control without running hot. Selling pressure is real though, with 53.6% of 30-minute market orders hitting the bid.
The first one paid part of the way. Second entries are rarely as clean, so I am going smaller.
⚠️ Personal market insight, not investment advice. DYOR.