SOL’s performance today was indeed impressive. That full-position take profit move this morning was very satisfying.
From a technical perspective, the price strongly broke through and held above the 138 resistance level. This level had been tested several times before without holding, so this breakout with volume indicates that bullish momentum is still present. Looking at the weekly chart, the overall trend remains bullish, and short-term pullbacks could actually present opportunities.
The next strategy is to wait for a pullback. If the price drops back and stabilizes in the 135-136 range, you can consider buying in batches on dips to bet on the next upward move. However, be sure to manage your position size, avoid chasing highs, and patiently wait for the right entry point.
Market sentiment is quite optimistic right now, but you should still be wary of any sudden news-driven volatility.
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WalletDoomsDay
· 10h ago
That's right, buying the dip guarantees steady profits.
SOL’s performance today was indeed impressive. That full-position take profit move this morning was very satisfying.
From a technical perspective, the price strongly broke through and held above the 138 resistance level. This level had been tested several times before without holding, so this breakout with volume indicates that bullish momentum is still present. Looking at the weekly chart, the overall trend remains bullish, and short-term pullbacks could actually present opportunities.
The next strategy is to wait for a pullback. If the price drops back and stabilizes in the 135-136 range, you can consider buying in batches on dips to bet on the next upward move. However, be sure to manage your position size, avoid chasing highs, and patiently wait for the right entry point.
Market sentiment is quite optimistic right now, but you should still be wary of any sudden news-driven volatility.