$SOL traded volume surged to $186 million, yet it was down 0.82% over 24 hours. With that much volume coming in on the drop, it means someone is clearly selling into the market here.
I’ve seen this kind of market too many times. The screen is all green, and I get itchy fingers, thinking a dip means a bargain, so I jump in for a first position. Then the 2.64% swing just whipsaws you back and forth—it’s tailor-made to punish anyone who rushes to buy the dip.
My view is straightforward: this drop isn’t over yet. If there’s a wick down in between, so be it. If it gets above 110 intraday, I’m wrong; if it can’t, I’ll keep waiting.
I stick to one rule: if volume hasn’t tapered off, I don’t enter.
#SOL #TradingMindset
I’ve seen this kind of market too many times. The screen is all green, and I get itchy fingers, thinking a dip means a bargain, so I jump in for a first position. Then the 2.64% swing just whipsaws you back and forth—it’s tailor-made to punish anyone who rushes to buy the dip.
My view is straightforward: this drop isn’t over yet. If there’s a wick down in between, so be it. If it gets above 110 intraday, I’m wrong; if it can’t, I’ll keep waiting.
I stick to one rule: if volume hasn’t tapered off, I don’t enter.
#SOL #TradingMindset