The price plunged. Now what? The lesson of the pullback in $SOL 📉
$SOL is at US$72.50, down 8.94% in 24h and 17.61% in 7 days. The RSI-14 is at 21.5 (oversold), and today the price broke below the low of the past 7 days, US$73.17 — the 24h low was US$71.93.
After a sharp move like this, a patient trader doesn’t chase the price. They wait for the pullback: a retest of the broken level.
Where is the retest zone? Between US$73.17 and US$75 — the floor that gave way and is now resistance. If the price rises there and gets rejected, with a 4h close back below US$73.17, that confirms the weakness is continuing.
And the stop? In an educational example, above US$75–76. If it closes above that on the 4h, the thesis is invalidated — and anyone who keeps holding on is fighting the chart.
The classic mistake: entering at the top of the move out of FOMO. Chasing the price after it has already moved nearly 9% in a day, without a level or a plan, means buying the emotion, not the opportunity.
Patience is a position.
Do you wait for the retest, or do you prefer to enter on the breakout? Comment below 👇
#Solana #Trading #CriptoVisao
$SOL is at US$72.50, down 8.94% in 24h and 17.61% in 7 days. The RSI-14 is at 21.5 (oversold), and today the price broke below the low of the past 7 days, US$73.17 — the 24h low was US$71.93.
After a sharp move like this, a patient trader doesn’t chase the price. They wait for the pullback: a retest of the broken level.
Where is the retest zone? Between US$73.17 and US$75 — the floor that gave way and is now resistance. If the price rises there and gets rejected, with a 4h close back below US$73.17, that confirms the weakness is continuing.
And the stop? In an educational example, above US$75–76. If it closes above that on the 4h, the thesis is invalidated — and anyone who keeps holding on is fighting the chart.
The classic mistake: entering at the top of the move out of FOMO. Chasing the price after it has already moved nearly 9% in a day, without a level or a plan, means buying the emotion, not the opportunity.
Patience is a position.
Do you wait for the retest, or do you prefer to enter on the breakout? Comment below 👇
#Solana #Trading #CriptoVisao
