🐳Update Plan SOL 08/08/2024. Currently, SOL is operating in the pennant flag model. Once we identify the long-term operating margin, we will have a more comprehensive view.
🔸Currently, the range is narrowing, we prioritize finding the break point and then hitting, the rest is just trading with maximum activity at both ends in the 110-185 range
🔹 SOL's recent decline witnessed a continuous decrease of more than 40% from the peak of $190 for more than 8 days. If you identify the margin zone first, you can easily get hit because SOL runs stronger than other top coins. The level of decline is around 25-30% in 2 days.
🔸This week, Sol prioritizes sideways after the price reduction process, although there is a good recovery, Sol is not as hot as before, so don't see it decrease and go all-in Long. You guys see Sol holding the price and Long from 160 it dropped to 110 and all went up in smoke.
🔹 Next week morning, it is expected that there will be some positive news to help the market recover, that would be good. At that time, we will determine the direction for the next week. For now, the amplitude can still be determined in 1-2 months. Apply well, we will update the view continuously.
This is the Sol update of Trading Insight, if you have any opinions about Sol, you can discuss with me and everyone! Thank you readers.
