Yesterday $SOL Tested the 120 psychological level which has | positive returns on Binance Square

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Yesterday $SOL Tested the 120 psychological level which has been tested multiple times. But it is most likely to join the short term bearish narrative started by other #altcoins Currently it has tested the 200 EMA. I think it has more downsides to go. #BinanceTurns7 #US_Job_Market_Slowdown #solana 

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These are very useful ways to stay winning in the market

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When doing technical analysis I always try to combine volume and volatility to have a combined effect for price action. Volume and Volatility are the additional confirmations I need to know whether sellers are more aggressive or not. for instance yesterday $near daily candle printed a bullish candle but the volume and volatility was so low so I maintained my short position.

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For an investor that just bought bitcoin at lets say 70,000 it won't be a good idea to hodl in the short term bear market. The bear market we don't know when it will end. It could be extended beyond our expectations so if you want to listen to those saying you should hodl. then first look at your entry price

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$NEAR is still trading below the 20 and 200 EMA. Yesterday it closed a long wick candle on the daily which I find interesting. I still see more downsides for #nearusdt

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A friend of mine and I were discussing #btc historical pattern the last time. He says there is usually a mini bull season which has already occurred in 2024 followed by the market testing it's previous #bear low. Then in August September thereabout #bullish momentum starts to pick up. Before the unleashing of the bull #Whales where the #altcojns join. If that should happen it means we are looking at #BTC testing the 2023 October low which is 24,000 before making a final move up. In my opinion what I am seeing now is a short term to medium term bear market the question is have you also observed this pattern?

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