$SOL bounces from the bottom at 90 to knock on the door of 98, a real rebound or a cat-like bounce?
$SOL
fell to 90.77, lowest since the end of August, RSI sinks to 26
Today it bounced around 96, reaching 98.14, knocking on the EMA 200 but couldn't break through.
Above are the EMA 100 at 99.6, EMA 50 at 103, the bounce volume is thinner than the fall volume.
- A close above 98 is needed to talk about a real rebound.
- Being pushed back to 90.77 confirms a cat-like bounce.
Assessment: Bounces are physics, a continued run is a revival. Look at the chart for fun, not investment advice.
Guess whether SOL is a real rebound or a cat-like bounce?
$SOL
fell to 90.77, lowest since the end of August, RSI sinks to 26
Today it bounced around 96, reaching 98.14, knocking on the EMA 200 but couldn't break through.
Above are the EMA 100 at 99.6, EMA 50 at 103, the bounce volume is thinner than the fall volume.
- A close above 98 is needed to talk about a real rebound.
- Being pushed back to 90.77 confirms a cat-like bounce.
Assessment: Bounces are physics, a continued run is a revival. Look at the chart for fun, not investment advice.
Guess whether SOL is a real rebound or a cat-like bounce?
