$SOL #sol
The main force has drawn the candlestick chart most loved by technical analysts.
The crypto friend went long on SOL at 192, seemingly very confident, as if he bought at the bottom. It has indeed doubled now. He is preparing to hold this trade for the long term.
According to the trend system, it seems many people are holding SOL.
So far in this round of decline, the retracement position happens to be the line where the long and short pressure of SOL's rise turns into support. The price is at 186; I must say the main force has drawn this chart really well. It has formed the pattern that technical analysts want! But the main force still won't enter the market!
The logic is as shown. My feeling is, is it too simple? The main force has created such a perfect entry pattern. No matter how you calculate it, it should reach above 300 on the third wave, and above 500 on the fifth wave. It's too perfect, with no flaws, which instead makes me, as a technical analyst, start to doubt. The main force will not rush to enter the market. I worry this is a trap!
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