🚀 SOL explodes to $109 — buy at the highs or wait for a correction?
$SOL is trading today at $109.41, its highest level of the year. In August it has risen 44% cumulatively.
What’s going on?
· The governance vote on inflation and token burning ends today
· A proposal is made to reduce SOL issuance and increase the daily burn to 9,000 SOL
· RSI at 80.65: extreme overbought
My recommendation:
· If you already have SOL: take partial profits (30–50%) at these levels. RSI in overbought territory often brings corrections.
· If you want to buy: DO NOT buy at all-time highs. Wait for a pullback to 100 to enter.
· If you trade futures: liquidation risk is extremely high. Use an adjusted stop-loss.
Key fact: Charles Schwab plans to add SOL to its platform, which is very bullish long-term.
❓ Do you think SOL reaches $120 or will it correct from here?
#Write2Earn #SOL #Solana #Trading #Altcoins
---
Post #4: XRP — Correction after the rally
Title: XRP drops to $1.38 — buying opportunity or end of the rally?
$XRP is trading today at 1.41, down as much as -6.24% in 24h. It comes from touching $1.70 a few days ago.
Analysis:
· Key support: 1.40 (accumulation zone)
· Resistance: $1.45 and $1.54
· The current correction is profit-taking after a 39% weekly rally
My recommendation:
· If you want to buy: this correction is an opportunity. Enter at 1.40 with a stop-loss at $1.33.
· Target: 1.60 in the next 1–2 weeks.
· If you already have XRP: hold. Support at $1.40 is being defended.
Key fact: XRP is in focus ahead of the U.S. Crypto Clarity Act vote on September 15. Favorable regulation could be a catalyst.
❓ Do you buy XRP in this correction or expect more downside?
#Write2Earn #xrp #Ripple #trading
$SOL is trading today at $109.41, its highest level of the year. In August it has risen 44% cumulatively.
What’s going on?
· The governance vote on inflation and token burning ends today
· A proposal is made to reduce SOL issuance and increase the daily burn to 9,000 SOL
· RSI at 80.65: extreme overbought
My recommendation:
· If you already have SOL: take partial profits (30–50%) at these levels. RSI in overbought territory often brings corrections.
· If you want to buy: DO NOT buy at all-time highs. Wait for a pullback to 100 to enter.
· If you trade futures: liquidation risk is extremely high. Use an adjusted stop-loss.
Key fact: Charles Schwab plans to add SOL to its platform, which is very bullish long-term.
❓ Do you think SOL reaches $120 or will it correct from here?
#Write2Earn #SOL #Solana #Trading #Altcoins
---
Post #4: XRP — Correction after the rally
Title: XRP drops to $1.38 — buying opportunity or end of the rally?
$XRP is trading today at 1.41, down as much as -6.24% in 24h. It comes from touching $1.70 a few days ago.
Analysis:
· Key support: 1.40 (accumulation zone)
· Resistance: $1.45 and $1.54
· The current correction is profit-taking after a 39% weekly rally
My recommendation:
· If you want to buy: this correction is an opportunity. Enter at 1.40 with a stop-loss at $1.33.
· Target: 1.60 in the next 1–2 weeks.
· If you already have XRP: hold. Support at $1.40 is being defended.
Key fact: XRP is in focus ahead of the U.S. Crypto Clarity Act vote on September 15. Favorable regulation could be a catalyst.
❓ Do you buy XRP in this correction or expect more downside?
#Write2Earn #xrp #Ripple #trading