$SOL 5 minutes -1.6%, current price 104.89. If you're thinking of buying the dip, ask yourself these three questions first:
① The 24h low of 103.13 is holding as support—are there signs of stabilization yet?
② That was a sudden sharp drop. If it falls further, can you handle it?
③ Have you figured out your stop-loss? What will you do if your entry was wrong?
If you haven't thought it through, it's better to wait a little longer.
Don't assume it's cheap just because it's fallen a lot—it can always get cheaper.
#SOL
① The 24h low of 103.13 is holding as support—are there signs of stabilization yet?
② That was a sudden sharp drop. If it falls further, can you handle it?
③ Have you figured out your stop-loss? What will you do if your entry was wrong?
If you haven't thought it through, it's better to wait a little longer.
Don't assume it's cheap just because it's fallen a lot—it can always get cheaper.
#SOL