SOL jumped 3% in a day. My first reaction wasn’t to chase it, but to look back at when it fell.
Ten days ago, it was hovering around 102 when a huge red candle sent it crashing below 96. It then drifted down to 91 before buyers finally stepped in. Now it’s at 97, right around the 98 lower edge of that candle. The funding rate is only +0.01%, so nobody’s aggressively chasing longs. I like that.
My take: I’d say it’s turning bullish only after it holds above 98. Until then, this is just a bounce after a steep drop. If it falls back below 91, don’t stubbornly hold on.
Do you think this is a real rebound, or just another chance for people to get out?
Just my personal observation, not investment advice
$SOL #加密货币 #Altcoins
Ten days ago, it was hovering around 102 when a huge red candle sent it crashing below 96. It then drifted down to 91 before buyers finally stepped in. Now it’s at 97, right around the 98 lower edge of that candle. The funding rate is only +0.01%, so nobody’s aggressively chasing longs. I like that.
My take: I’d say it’s turning bullish only after it holds above 98. Until then, this is just a bounce after a steep drop. If it falls back below 91, don’t stubbornly hold on.
Do you think this is a real rebound, or just another chance for people to get out?
Just my personal observation, not investment advice
$SOL #加密货币 #Altcoins
