$SOL 5 days gave back 9%—still grinding around the Bollinger middle band?
1h trend:
High 122.29 → Low 105.71 → Current price 110.49
Down 9.11% over the past 120 hours
The Bollinger Bands have narrowed considerably:
Upper band 111.28 / Middle band 110.17 / Lower band 109.07
1. Key level 1: 111.28. It only counts as a short-term bullish turn if price holds above it.
2. Key level 2: 109.07. If it breaks below, watch 105.71.
3. Invalidation: If the 1h candle closes below 105.71 consecutively, I’ll admit I was wrong and my rebound outlook is invalidated.
When the bands get this narrow, things are usually quiet before a big move.
Before CPI on 10/14 at 20:30, do you think SOL will break above the upper band or below the lower band first?
#SOL #contentmining
Personal opinion only. Be mindful of the risks. DYOR
1h trend:
High 122.29 → Low 105.71 → Current price 110.49
Down 9.11% over the past 120 hours
The Bollinger Bands have narrowed considerably:
Upper band 111.28 / Middle band 110.17 / Lower band 109.07
1. Key level 1: 111.28. It only counts as a short-term bullish turn if price holds above it.
2. Key level 2: 109.07. If it breaks below, watch 105.71.
3. Invalidation: If the 1h candle closes below 105.71 consecutively, I’ll admit I was wrong and my rebound outlook is invalidated.
When the bands get this narrow, things are usually quiet before a big move.
Before CPI on 10/14 at 20:30, do you think SOL will break above the upper band or below the lower band first?
#SOL #contentmining
Personal opinion only. Be mindful of the risks. DYOR