As requested by a follower, Im gonna talk about sol.
Sol is showing conflicting signs lately. Candles are forming a bull flag pattern in the daily chart, but within it is bearish head and shoulders. Moreover the KDJ oscillator is suggesting a bounce back to $210.
What does this mean?
In my opinion it could be that a quick $81(support) dip will happen or a quick dive to the bottom line of the flag will push through anytime soon before a $210 pump plays out. Yup, if your trading Sol, be warry of possible extreme volatility.
Hence, it's risky to trade this token in futures, it's best to trade sol in spot. See bull flag illustration below and trade accordingly. Trace the line in your chart, Buy at bottom line, and sell when price is at the top line.
FOLLOW for more.
By the way, if you're still looking for a safe, low cap, x1000 token, checkout PITBULL.
