Update $SOL
Yesterday, we were tracking two possible scenarios, and the direction was a bit hazy. However, the market structure is now becoming much more defined, and Solana appears to be firmly following Scenario 2.
The Technical Breakdown:
Current Phase: Based on the latest price action, we seem to be moving through the purple Wave 1 phase.
My Strategy: Personally, I’m staying disciplined. I’ll be waiting for a potential Wave 2 retracement to provide a better entry before looking for any fresh buy opportunities on $SOL
The Bottom Line:
Chasing a move too early often leads to unnecessary risk. It is always better to wait for the market to confirm the setup. In this environment, patience pays.
Disclaimer: This post is for educational purposes only and reflects my personal market analysis on #Solana It is not financial advice. Always do your own research (DYOR) and manage your risk properly.
Yesterday, we were tracking two possible scenarios, and the direction was a bit hazy. However, the market structure is now becoming much more defined, and Solana appears to be firmly following Scenario 2.
The Technical Breakdown:
Current Phase: Based on the latest price action, we seem to be moving through the purple Wave 1 phase.
My Strategy: Personally, I’m staying disciplined. I’ll be waiting for a potential Wave 2 retracement to provide a better entry before looking for any fresh buy opportunities on $SOL
The Bottom Line:
Chasing a move too early often leads to unnecessary risk. It is always better to wait for the market to confirm the setup. In this environment, patience pays.
Disclaimer: This post is for educational purposes only and reflects my personal market analysis on #Solana It is not financial advice. Always do your own research (DYOR) and manage your risk properly.
