SolanaShort
$SOL - wait before buying
Just some basic observations folks!
IfSOL falls below the $55-58 area support, we could see it fall sharply to $40-43.
Solana 4h chart sees:
- Decreasing volume & RSI
- strong support at $40 to $43, with the 200MA
If Stoch RSI crosses below 50 level, AND the price falls below local support it could send us to the next strong support at the 200MA $40-$43 range
My plan:
- Observe if it drops below $55
- if it continues without retest past $51, then first buy target reached below $43.
- Keep observing
BTC and other alts / general market.
This is just one of the coins I'm convinced I need more of before next year's possible bullish rally - I didn't get a good entry beforehand. I won't be using leverage and will therefore have less risk if it continues to fall. I'll simply buy more as it goes lower.
If
SOL falls below the $55-58 area support, we could see it fall sharply to $40-43.Solana 4h chart sees:
- Decreasing volume & RSI
- strong support at $40 to $43, with the 200MA
If Stoch RSI crosses below 50 level, AND the price falls below local support it could send us to the next strong support at the 200MA $40-$43 range
My plan:
- Observe if it drops below $55
- if it continues without retest past $51, then first buy target reached below $43.
- Keep observing
BTC and other alts / general market.This is just one of the coins I'm convinced I need more of before next year's possible bullish rally - I didn't get a good entry beforehand. I won't be using leverage and will therefore have less risk if it continues to fall. I'll simply buy more as it goes lower.
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