I was going to sleep, but then I opened SOL again
I was already lying down and really wanted to sleep. But I couldn't help myself—I checked SOL one more time, and then I couldn't fall asleep.
SOL is at 81.06 now, down from 84.14 yesterday. Today's low was 80.46 and the high was 85.85. BTC is at 71,446, ETH at 2,001, and the Fear & Greed Index is at 28. The whole market is scared.
The funniest part is that 78% of SOL traders are still long, and whales are 81.10% long. Funding is still positive. The price is falling, but everyone is still going long—and paying the shorts.
RSI(6) is 11.91, deeply oversold. SuperTrend is at 83.60 and still pointing down. Also today, 204,044 SOL were unstaked from BitGo and transferred to a wallet reportedly linked to FTX. Who could sleep after seeing that in the middle of the night?
PPI is coming out tomorrow, too. So I'm not playing hero tonight.
My plan is simple
I'm waiting for 79.80.
If it holds, I'll enter at 80.20, with a stop loss below 79.80. Target 1: 83.60, sell half. Target 2: 85.70.
If it breaks below 79.80 and can't hold, I'll stay out. Plan canceled—I'll check again tomorrow.
It's at 81.06 now, and I'm doing nothing. This is the most frustrating spot. Buying here is like throwing money away.
The price either comes to where I'm waiting, or it doesn't. I'm not chasing it.
What about you? Are you staying up watching the charts tonight, too?
Med BHN 7
I was already lying down and really wanted to sleep. But I couldn't help myself—I checked SOL one more time, and then I couldn't fall asleep.
SOL is at 81.06 now, down from 84.14 yesterday. Today's low was 80.46 and the high was 85.85. BTC is at 71,446, ETH at 2,001, and the Fear & Greed Index is at 28. The whole market is scared.
The funniest part is that 78% of SOL traders are still long, and whales are 81.10% long. Funding is still positive. The price is falling, but everyone is still going long—and paying the shorts.
RSI(6) is 11.91, deeply oversold. SuperTrend is at 83.60 and still pointing down. Also today, 204,044 SOL were unstaked from BitGo and transferred to a wallet reportedly linked to FTX. Who could sleep after seeing that in the middle of the night?
PPI is coming out tomorrow, too. So I'm not playing hero tonight.
My plan is simple
I'm waiting for 79.80.
If it holds, I'll enter at 80.20, with a stop loss below 79.80. Target 1: 83.60, sell half. Target 2: 85.70.
If it breaks below 79.80 and can't hold, I'll stay out. Plan canceled—I'll check again tomorrow.
It's at 81.06 now, and I'm doing nothing. This is the most frustrating spot. Buying here is like throwing money away.
The price either comes to where I'm waiting, or it doesn't. I'm not chasing it.
What about you? Are you staying up watching the charts tonight, too?
Med BHN 7
