$SOL I closed my long position in Binance trade bot. I saw today many popular thoughts on TradingView are bullish on $SOL , but I am not sure about more "Sunday" dip today, so I decided to close my long position for now, until I don't see clear breakout of 210. If you see 205 breakout, you can scalp until 209, just be careful on Sunday and Monday.

#sol #solana $SOL If you look at the daily time frame you will see:
RSI around 20,
StochRSi 2,
Williams Percent Range -91.

These simple indicators alone are enough to make you think more about whether it is worth continuing to short. Then you look at whether there was any negative news and whether the market has already reacted to it. And yes, today is the expiration of options, but the market usually does not repeat the behavior of last week and this may already be included in prices.

Always check BTC chart as well because if BTC drop to much, then alts will drop even more. BTC chart has the same picture.

Additionaly you can check Volume, Open interest, long/short data. They all can be easily added to Binance chart.

As fo me, I wait for bounce, or at least when bears will start to tke profits. RSI, Williams should at least go in neutral zone, before next drop (if there would be next drop). If you wonder when it happen, then you should find resistance and support zones in case if new drop will come earliear then bounce. And of course don't forget about tight SL if you are on futures

I opened futures trade bot in range 180-210$ with stop loss at 177$, I can set such low loss, because bot divide my investment on several limit orders, each one on separate grid level.

Thanks, for reading. If you have any questions, please ask.