$SOL is down 3.4% today and still up 11.66% on the week and 17.48% on the month. i'm calling today's dip a pullback inside an uptrend, not the end of it.
the screener scored it 8 out of 14 long. daily RSI is 61, the MACD histogram is positive, and volume over the last 5 days is running 1.28x the 20 days before. that's a coin with buyers, not a coin being dumped.
it's also beating $BTC by 11.1 points over 30 days. dips in the coin that's leading tend to get bought.
the pullback is the entry. chasing the bounce isn't.
$SOL trades at $113.3 right now. if it holds the 24h low of $112.52, i think it walks back to yesterday's high at $119.77. that's 5.6% of room from the $113 area. if it loses $112.52, i'm wrong on this and there's nothing to defend. anyone long from here eats the whole dip.
holding $112.52 or losing it?
follow me for more calls like this.
the screener scored it 8 out of 14 long. daily RSI is 61, the MACD histogram is positive, and volume over the last 5 days is running 1.28x the 20 days before. that's a coin with buyers, not a coin being dumped.
it's also beating $BTC by 11.1 points over 30 days. dips in the coin that's leading tend to get bought.
the pullback is the entry. chasing the bounce isn't.
$SOL trades at $113.3 right now. if it holds the 24h low of $112.52, i think it walks back to yesterday's high at $119.77. that's 5.6% of room from the $113 area. if it loses $112.52, i'm wrong on this and there's nothing to defend. anyone long from here eats the whole dip.
holding $112.52 or losing it?
follow me for more calls like this.
