$SOL - Patience Pays in the Market

At $144.69, down 3.2%, SOL is testing the patience of many traders. But remember, "Buy low and sell high" is the strategy of smart money and big institutions. Markets often move against popular sentiment—good news can lead to drops, while bad news might hint at a recovery. Yesterday, I saw a wave of posts predicting a bullish breakout for $SOL, with some even expecting it to skyrocket overnight. But I waited for the 4-hour candle to close, and as expected, the move wasn’t genuine. It seemed more like an attempt to trigger sell stops and trap FOMO buyers.

I focus on price chart analysis and volume data, not the latest headlines. Price action shows part of the story; volume analysis completes it. As mentioned in an earlier post, a bearish scenario remains possible after sweeping swing high liquidity. The current 4-hour chart of $SOL shows two clear bearish volume spikes. However, don’t jump into shorting just yet—wait for a breakout from the current consolidation range. While a bullish scenario is less likely, it’s not entirely out of the question.

Right now, $SOL's sideways movement is frustrating both long and short traders who lack the patience to wait for a clear direction. My advice? Step back from the market for now. Consistent profits come to those who stick to their trading rules and avoid FOMO. Patience is the key.

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