$SOL is trading a whisper above its own daily EMA20, $99.9341, only 0.8% below where it sits right now.
that line has held. RSI is 54, the sweet spot, not overbought, not dead. %B is down at 0.30, Bollinger squeeze territory, and 5-day volume is running just 0.58x the prior 20 days, quiet, not panicked. the setup screener has this one at 9 out of 14 favoring long.
zoom out and the 30-day move is still up 34.98%, and SOL is beating BTC by 12.7 points over that same month even after a rough 7 days at -2.57%. this dip looks like digestion, not a reversal.
$SOL last traded $100.71. if it keeps holding $99.9341, i think it grinds back up toward the 20-day mean at $102.695. if it loses $99.9341, i'm wrong on this and anyone who bought the bounce is now underwater with no line left to defend.
holding $99.93 or losing it?
follow me for more calls like this.
that line has held. RSI is 54, the sweet spot, not overbought, not dead. %B is down at 0.30, Bollinger squeeze territory, and 5-day volume is running just 0.58x the prior 20 days, quiet, not panicked. the setup screener has this one at 9 out of 14 favoring long.
zoom out and the 30-day move is still up 34.98%, and SOL is beating BTC by 12.7 points over that same month even after a rough 7 days at -2.57%. this dip looks like digestion, not a reversal.
$SOL last traded $100.71. if it keeps holding $99.9341, i think it grinds back up toward the 20-day mean at $102.695. if it loses $99.9341, i'm wrong on this and anyone who bought the bounce is now underwater with no line left to defend.
holding $99.93 or losing it?
follow me for more calls like this.
