I Bought SOL at $90. Now It’s Below $84. What’s Next?
I placed a limit order to accumulate some SOL at $90, thinking it was a reasonable entry after the recent market correction. Unfortunately, the selling continued, and SOL is now trading around $83.92.
That’s already a 6.76% unrealized loss.
The bigger picture explains why SOL is struggling. Hotter-than-expected US CPI, concerns about Fed interest rates, Bitcoin weakness and institutional outflows have made investors increasingly cautious.
Looking at the 4-hour chart, SOL is still making lower highs and lower lows. The recent bounce from $81.34 is encouraging, but it’s too early to call it a reversal.
Here are the levels I’m watching:
$81–$80: Critical support. Losing this area could open the door toward $78 or lower.
$85–$88: First recovery zone.
$90: My entry price and an important psychological level to reclaim.
Will I sell or accumulate more?
For now, I prefer patience. I still see SOL as a long-term opportunity, but I don’t want to keep adding simply because the price is cheaper.
If BTC stabilizes and SOL starts holding support, gradual accumulation could make sense. But if $80 breaks, we may see another wave of selling.
One lesson I’ve learned: Buying the dip sounds easy until the dip keeps dipping.
I’m watching closely and keeping some cash ready. The goal isn’t to catch the exact bottom but to manage risk and survive the volatility.
#HotCPIDecemberHikePriced $
I placed a limit order to accumulate some SOL at $90, thinking it was a reasonable entry after the recent market correction. Unfortunately, the selling continued, and SOL is now trading around $83.92.
That’s already a 6.76% unrealized loss.
The bigger picture explains why SOL is struggling. Hotter-than-expected US CPI, concerns about Fed interest rates, Bitcoin weakness and institutional outflows have made investors increasingly cautious.
Looking at the 4-hour chart, SOL is still making lower highs and lower lows. The recent bounce from $81.34 is encouraging, but it’s too early to call it a reversal.
Here are the levels I’m watching:
$81–$80: Critical support. Losing this area could open the door toward $78 or lower.
$85–$88: First recovery zone.
$90: My entry price and an important psychological level to reclaim.
Will I sell or accumulate more?
For now, I prefer patience. I still see SOL as a long-term opportunity, but I don’t want to keep adding simply because the price is cheaper.
If BTC stabilizes and SOL starts holding support, gradual accumulation could make sense. But if $80 breaks, we may see another wave of selling.
One lesson I’ve learned: Buying the dip sounds easy until the dip keeps dipping.
I’m watching closely and keeping some cash ready. The goal isn’t to catch the exact bottom but to manage risk and survive the volatility.
#HotCPIDecemberHikePriced $
