$SOL fell 9% in a week — and the mistake is rushing to buy the recovery
$SOL lost 9.04% in 7 days, from a high of $103.18 to a low of $88.30. Today it’s recovering to $90.74 (+0.33% in 24h, RSI 43.4). Many people see green and jump in right away, afraid of missing out. It’s a classic mistake.
The pullback strategy teaches the opposite: after a strong move, the patient trader waits for a retest of the broken level instead of chasing the price.
Where would the retest zone be? At $92.80–$94.45, where the 20- and 50-period moving averages (4h) are. It was support on the way down; now it’s resistance. If the price gets there, that’s where the next move will be decided.
What would confirm an entry? Rejection in that zone — a 4h candle with a long upper wick and a close in the direction of the trend, that is, downward. No rejection, no entry: just observation.
Where would the stop go (educational example)? Above $95.50. A 4h close above that level invalidates the outlook and suggests the recovery may have room to run.
The classic mistake is entering at the top of the move out of FOMO: buying the bounce at $90.74 without confirmation, then watching the price fall back to $88.30 — or worse. Patience is a position.
What about you: do you wait for the retest or jump in at the first sign of green? 👇
#Solana #CriptoVisao #Trading
$SOL lost 9.04% in 7 days, from a high of $103.18 to a low of $88.30. Today it’s recovering to $90.74 (+0.33% in 24h, RSI 43.4). Many people see green and jump in right away, afraid of missing out. It’s a classic mistake.
The pullback strategy teaches the opposite: after a strong move, the patient trader waits for a retest of the broken level instead of chasing the price.
Where would the retest zone be? At $92.80–$94.45, where the 20- and 50-period moving averages (4h) are. It was support on the way down; now it’s resistance. If the price gets there, that’s where the next move will be decided.
What would confirm an entry? Rejection in that zone — a 4h candle with a long upper wick and a close in the direction of the trend, that is, downward. No rejection, no entry: just observation.
Where would the stop go (educational example)? Above $95.50. A 4h close above that level invalidates the outlook and suggests the recovery may have room to run.
The classic mistake is entering at the top of the move out of FOMO: buying the bounce at $90.74 without confirmation, then watching the price fall back to $88.30 — or worse. Patience is a position.
What about you: do you wait for the retest or jump in at the first sign of green? 👇
#Solana #CriptoVisao #Trading
