Title: SOL 104.45 Fakeout to 102 - Why I Changed My Sell Target From 105 to 104
Article:
Today SOL hit 104.45 then dumped to 102. Yesterday it hit 103.85 then dumped to 99.26. Same pattern.
I had sell order at 105 but price only reached 104.45 so it did not fill. I learned whales push price to take liquidity above old top then dump.
All MAs squeezed at 101.20 - MA7 101.28, MA25 101.19, MA99 101.18. Price now at 102 and still above MAs so bullish.
I changed my sell to 104 for quick profit. If 101.20 support holds, SOL will retest 104.45 again.
From Rahimyar Khan, Pakistan. Not financial advice. Just my trade journal.
Have you faced this fakeout before?
#SOL #Solana #CryptoTrading #BinanceSquare
Article:
Today SOL hit 104.45 then dumped to 102. Yesterday it hit 103.85 then dumped to 99.26. Same pattern.
I had sell order at 105 but price only reached 104.45 so it did not fill. I learned whales push price to take liquidity above old top then dump.
All MAs squeezed at 101.20 - MA7 101.28, MA25 101.19, MA99 101.18. Price now at 102 and still above MAs so bullish.
I changed my sell to 104 for quick profit. If 101.20 support holds, SOL will retest 104.45 again.
From Rahimyar Khan, Pakistan. Not financial advice. Just my trade journal.
Have you faced this fakeout before?
#SOL #Solana #CryptoTrading #BinanceSquare
