$SOL SOL is now at 112.6. Today’s market can be summed up in one word: choppy. It touched 113.38 in the morning, pulled back to 111.35 in the afternoon, and has now climbed back to 112.61. Bulls and bears are washing back and forth within the 111–113 range, and neither side has made the first move.
This kind of market is most punishing for people who chase rallies and sell into dips: you chase, it drops; you sell, it rallies.
My logic is simple:
If it holds above 111.1, with support from the 4-hour EMA15 and Bollinger midline, the bias is bullish, with 114 as the first target.
If it breaks below 111.3, look back toward 110.3, the lower edge of the range. The MACD histogram has turned positive, reaching +1.25. Bearish momentum is narrowing, an early sign of a shift from weak to strong; all that’s missing is confirmation from higher volume.
Long trade reference:
If it pulls back to 111–111.1 and holds, stop-loss at 109, target 114.
Short trade reference: If it rebounds to 114–114.5 and meets resistance, stop-loss at 115.5, target 111.
Keep your position size small and set your stop-loss first, so you’re ready to get in when an opportunity comes.
For reference only; this is not investment advice. You assume all risk.
#SOL
This kind of market is most punishing for people who chase rallies and sell into dips: you chase, it drops; you sell, it rallies.
My logic is simple:
If it holds above 111.1, with support from the 4-hour EMA15 and Bollinger midline, the bias is bullish, with 114 as the first target.
If it breaks below 111.3, look back toward 110.3, the lower edge of the range. The MACD histogram has turned positive, reaching +1.25. Bearish momentum is narrowing, an early sign of a shift from weak to strong; all that’s missing is confirmation from higher volume.
Long trade reference:
If it pulls back to 111–111.1 and holds, stop-loss at 109, target 114.
Short trade reference: If it rebounds to 114–114.5 and meets resistance, stop-loss at 115.5, target 111.
Keep your position size small and set your stop-loss first, so you’re ready to get in when an opportunity comes.
For reference only; this is not investment advice. You assume all risk.
#SOL