My mom called me in the middle of the night to ask if I was cold and whether she should mail me some warmer clothes. I said no, even though it’s cold here too. I just didn’t want her to worry.
After I hung up, I couldn’t fall back asleep. At 6 a.m., I woke up before my alarm, and the first thing I did was grab my phone.
SOL: 75.53, down 3.35%.
I stared at it for a long time, feeling a little heavy-hearted, but also a little relieved. Good thing I didn’t try to buy the dip in the middle of the night while half-asleep. I’ve done that before, only to wake up the next day and find it even cheaper. That feels awful.
I made myself a cup of coffee and sat by the window to clear my head.
Yesterday’s high was 82.38, and the low was 74.77. It slid all the way down without putting up any resistance. The daily RSI is 7.84—ridiculously oversold. But oversold just means it’s fallen a lot; it doesn’t mean it’s about to go up. It can stay there for a long time.
The MACD is still bearish, and all the moving averages are pressing down from above. 1-hour: 76.49 / 78.97 / 82.15; 4-hour: 78.52 / 81.80 / 90.19; daily: 82.20 / 93.17 / 100.17. Volume is especially thin, too. The market just doesn’t want to move.
I don’t dare chase the funding either. Funding is still +0.0066%, but the next one has already turned negative at -0.0051%. The bulls are starting to lose their appetite for paying. 79.31% of traders are still long, and the whales are 69.95% long by position size. I don’t want to get caught in the same crowd as those 79%.
So I set myself one rule for today: I’ll wait for 76.49.
If it holds, I’ll try a small position at 76.80—really small. If I’m wrong, I’ll own it. At 78.61, I’ll take a little off the table to put my mind at ease. Then I’ll see if the rest can make it to 81.57.
If it breaks below 74.77, I’m out. No adding, no holding on. With a coin like SOL, stubbornly holding on hurts the most.
After writing out this plan, I felt a weight lift off my shoulders. Turns out waiting is a lot easier than chasing.
What about you last night? Did you wake up in the middle of the night and sneak a peek at your phone? What’s your take on SOL today? Tell me what you really think.
— Med BHN 7
@MedBHN7
#SOL #Solana #BTC
After I hung up, I couldn’t fall back asleep. At 6 a.m., I woke up before my alarm, and the first thing I did was grab my phone.
SOL: 75.53, down 3.35%.
I stared at it for a long time, feeling a little heavy-hearted, but also a little relieved. Good thing I didn’t try to buy the dip in the middle of the night while half-asleep. I’ve done that before, only to wake up the next day and find it even cheaper. That feels awful.
I made myself a cup of coffee and sat by the window to clear my head.
Yesterday’s high was 82.38, and the low was 74.77. It slid all the way down without putting up any resistance. The daily RSI is 7.84—ridiculously oversold. But oversold just means it’s fallen a lot; it doesn’t mean it’s about to go up. It can stay there for a long time.
The MACD is still bearish, and all the moving averages are pressing down from above. 1-hour: 76.49 / 78.97 / 82.15; 4-hour: 78.52 / 81.80 / 90.19; daily: 82.20 / 93.17 / 100.17. Volume is especially thin, too. The market just doesn’t want to move.
I don’t dare chase the funding either. Funding is still +0.0066%, but the next one has already turned negative at -0.0051%. The bulls are starting to lose their appetite for paying. 79.31% of traders are still long, and the whales are 69.95% long by position size. I don’t want to get caught in the same crowd as those 79%.
So I set myself one rule for today: I’ll wait for 76.49.
If it holds, I’ll try a small position at 76.80—really small. If I’m wrong, I’ll own it. At 78.61, I’ll take a little off the table to put my mind at ease. Then I’ll see if the rest can make it to 81.57.
If it breaks below 74.77, I’m out. No adding, no holding on. With a coin like SOL, stubbornly holding on hurts the most.
After writing out this plan, I felt a weight lift off my shoulders. Turns out waiting is a lot easier than chasing.
What about you last night? Did you wake up in the middle of the night and sneak a peek at your phone? What’s your take on SOL today? Tell me what you really think.
— Med BHN 7
@MedBHN7
#SOL #Solana #BTC
