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Mandresy7783
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Bearish
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$SOL Hold your position, I reiterate my post from this morning, investors are simply recovering profits after a spectacular rise of 43.83% over a distance of 7 days and 4 hours since the start of the bullrun. The rise in the SOLANA price started exactly at the 0.5 Fibonacci retracement; that is to say at 156.32.USD. It was stopped exactly at 0.236 (223.62 USD). There is a big resistance line at 201USD tested 4 times in Weekly price delivery, I do not think that this line will be broken by mid-week, otherwise there will still be immediately behind the Fibonacci retracement of 198USD. You can use this price as THE STOP LOSS. And if this line is broken (of course, I hope you are out), you will get a new entry at the 0.5 retracement, (177 USD). When the price reaches 223 USD again, you make a margin of 23% again. Good luck to all and forge a Stoic mentality.
$SOL Hold your position, I reiterate my post from this morning, investors are simply recovering profits after a spectacular rise of 43.83% over a distance of 7 days and 4 hours since the start of the bullrun. The rise in the SOLANA price started exactly at the 0.5 Fibonacci retracement; that is to say at 156.32.USD. It was stopped exactly at 0.236 (223.62 USD).
There is a big resistance line at 201USD tested 4 times in Weekly price delivery, I do not think that this line will be broken by mid-week, otherwise there will still be immediately behind the Fibonacci retracement of 198USD. You can use this price as THE STOP LOSS.
And if this line is broken (of course, I hope you are out), you will get a new entry at the 0.5 retracement, (177 USD).
When the price reaches 223 USD again, you make a margin of 23% again.
Good luck to all and forge a Stoic mentality.
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201USD is a big Weekly support line, according to backtesting, SOLANA will try to break this support line several times and will deliver its price of the week around 198USD to 203USD. So, there will be a big Range until the end of the week. The 198 USD is the Fibonacci retracement. $SOL If you have a long position, the STOP Loss must be placed here. I don't think that whales will risk liquidating their position less below these 2 big supports because it took 5 months to build this rise.
201USD is a big Weekly support line, according to backtesting, SOLANA will try to break this support line several times and will deliver its price of the week around 198USD to 203USD. So, there will be a big Range until the end of the week. The 198 USD is the Fibonacci retracement. $SOL If you have a long position, the STOP Loss must be placed here. I don't think that whales will risk liquidating their position less below these 2 big supports because it took 5 months to build this rise.
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