At this level, I’m surprisingly feeling a lot less panicked. $SOL is trading at 86.54, down 3.07% on the day, and just one step away from its 14-day low of 85.02.
The RSI has dropped to 24.1, which shows this sell-off has been sharp and relentless. It’s definitely oversold in the short term. But oversold doesn’t mean the decline is over. If 85.02 doesn’t hold, there’s not much support below.
If I had to choose, I’d lean more toward sitting on the sidelines. Not because I can predict what’s coming, but because making a move at this level feels too much like a gamble. But if it can get back above 90.01, I’ll change my mind in a heartbeat.
Those holding SOL, be honest: are you more tempted to buy the dip or get out right now?
$SOL
#SOL #MarketAnalysis
The RSI has dropped to 24.1, which shows this sell-off has been sharp and relentless. It’s definitely oversold in the short term. But oversold doesn’t mean the decline is over. If 85.02 doesn’t hold, there’s not much support below.
If I had to choose, I’d lean more toward sitting on the sidelines. Not because I can predict what’s coming, but because making a move at this level feels too much like a gamble. But if it can get back above 90.01, I’ll change my mind in a heartbeat.
Those holding SOL, be honest: are you more tempted to buy the dip or get out right now?
$SOL
#SOL #MarketAnalysis