$SOL: patience is a position ๐
Solana has fallen sharply over the past 7 days โ from $122 to around $104.80 (-13.6%), with the RSI touching the oversold zone (27.2). This is where the pullback strategy makes sense.
๐ฏ Retest zone: the $108โ111 range โ former support, now possible resistance (coinciding with the 20 EMA at $108.65 and the 50 SMA at $111.37).
โ What would confirm an entry: price rising to that zone and being rejected โ an upper wick, a rejection candle, and a favorable close on the 4h timeframe. Without confirmation, itโs just a zone, not an entry.
๐ก๏ธ Where the stop would go (educational example): above the retest zone, for example above ~$113, because the idea would be invalidated there. Risk should always be managed by the person with the plan.
โ ๏ธ The classic mistake: selling at the bottom of the move out of FOMO, or chasing the price without waiting for confirmation.
Education, not a recommendation: every trader sets their own plan and risk.
#Solana #Pullback #CriptoVisao
Solana has fallen sharply over the past 7 days โ from $122 to around $104.80 (-13.6%), with the RSI touching the oversold zone (27.2). This is where the pullback strategy makes sense.
๐ฏ Retest zone: the $108โ111 range โ former support, now possible resistance (coinciding with the 20 EMA at $108.65 and the 50 SMA at $111.37).
โ What would confirm an entry: price rising to that zone and being rejected โ an upper wick, a rejection candle, and a favorable close on the 4h timeframe. Without confirmation, itโs just a zone, not an entry.
๐ก๏ธ Where the stop would go (educational example): above the retest zone, for example above ~$113, because the idea would be invalidated there. Risk should always be managed by the person with the plan.
โ ๏ธ The classic mistake: selling at the bottom of the move out of FOMO, or chasing the price without waiting for confirmation.
Education, not a recommendation: every trader sets their own plan and risk.
#Solana #Pullback #CriptoVisao