When I was a kid, I’d take alarm clocks apart. There were always a few parts left over when I finished, but I could put the clock back together and it would still run—I just never knew what I’d left out. Looking at the strength indicator for $SOL feels the same: there’s that reading of 24.99, and the current price is 110.3400.
It squeezes a winding, twisting stretch of price action into a single number. Convenient, sure—but it really does leave things out. It’s like watching a game with only the score: you can’t see who’s running themselves ragged or who’s just strolling around. At most, 24.99 tells you that this recent burst of momentum may be a bit overextended. But it doesn’t say whether that means it’s due for a bounce or about to break.
My habit in moments like this is to take my hand off the buy button and see whether all the loudest voices have crowded together again. The market is what it is—don’t join the crowd just because everyone’s heading in the same direction.
#SOL
It squeezes a winding, twisting stretch of price action into a single number. Convenient, sure—but it really does leave things out. It’s like watching a game with only the score: you can’t see who’s running themselves ragged or who’s just strolling around. At most, 24.99 tells you that this recent burst of momentum may be a bit overextended. But it doesn’t say whether that means it’s due for a bounce or about to break.
My habit in moments like this is to take my hand off the buy button and see whether all the loudest voices have crowded together again. The market is what it is—don’t join the crowd just because everyone’s heading in the same direction.
#SOL