$SOL The daily chart has now had 5 consecutive down days. Usually, there are three things to look at:
1) How large is the decline? -10.26% isn’t much; it’s a gradual slide, and there’s no clear signal of a bottom yet.
2) Has the streak been broken today? It’s currently up +0.79%, showing signs of a possible break.
3) What was the volume on the day it broke? A bullish candle on higher volume is more convincing than one on lower volume.
Leave your take in the comments, and we’ll check back later to see who was right.
#SOL
For recording and sharing purposes only; this is not trading advice.
1) How large is the decline? -10.26% isn’t much; it’s a gradual slide, and there’s no clear signal of a bottom yet.
2) Has the streak been broken today? It’s currently up +0.79%, showing signs of a possible break.
3) What was the volume on the day it broke? A bullish candle on higher volume is more convincing than one on lower volume.
Leave your take in the comments, and we’ll check back later to see who was right.
#SOL
For recording and sharing purposes only; this is not trading advice.