$SOL just officially announced the 150ms settlement upgrade, now on the second public test network. The chart is at 121.25; in the past 24 hours it’s only up 1.37%—there isn’t even a decent rally. So what’s the point of the market after the news drops?
The whole internet’s greed index is already 74. The funds that were trading on expectations for the upgrade have basically already left long ago. At a time like this, putting out good news outright looks like they’re painting a fantasy for late chasers. The market maker will most likely use the news to wash out the market—don’t rush in blindly.
If you want to play it, wait until it retraces to around the 118 support area, then consider buying in batches. Hold your spot positions firmly and don’t get scared off by a wick/pin. Reduce leverage on the contracts, and you must set a stop-loss.
Where do you think the short-term support is? If it breaks below, deduct 1; if it holds, deduct 2
#Write2Earn #BinanceSquare #SOL Solana #TradingTournament
The whole internet’s greed index is already 74. The funds that were trading on expectations for the upgrade have basically already left long ago. At a time like this, putting out good news outright looks like they’re painting a fantasy for late chasers. The market maker will most likely use the news to wash out the market—don’t rush in blindly.
If you want to play it, wait until it retraces to around the 118 support area, then consider buying in batches. Hold your spot positions firmly and don’t get scared off by a wick/pin. Reduce leverage on the contracts, and you must set a stop-loss.
Where do you think the short-term support is? If it breaks below, deduct 1; if it holds, deduct 2
#Write2Earn #BinanceSquare #SOL Solana #TradingTournament
