$SOL | Falls below the 110 level
Before discussing capital flows, let’s first clarify the key price level.
It’s been longer since SOL last reached this level, so the distribution of holdings around here may have changed considerably. Past support and resistance may no longer hold.
Many traders use key levels as a reference for risk management: which side of the level to take a position on and where to place a stop-loss can be more practical than trying to predict the direction.
All indicators describe market movements that have already happened, and price could just as easily move in the opposite direction.
#SOL
Not a trading signal.
Before discussing capital flows, let’s first clarify the key price level.
It’s been longer since SOL last reached this level, so the distribution of holdings around here may have changed considerably. Past support and resistance may no longer hold.
Many traders use key levels as a reference for risk management: which side of the level to take a position on and where to place a stop-loss can be more practical than trying to predict the direction.
All indicators describe market movements that have already happened, and price could just as easily move in the opposite direction.
#SOL
Not a trading signal.