$SOL #sol
The main force drew a candlestick chart, a favorite of technical analysts.
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Crypto friends went long on SOL at 192, and he seems very confident, as if he caught the bottom. It has indeed doubled now. He is preparing to hold this trade for the long term.
Based on the trend system, many people seem to be holding SOL.
The current round of decline has, so far, retraced to the point where the pressure of long and short positions for SOL turns into support. The price at 186 must be said that the main force drew this chart very well. It formed the pattern that technical analysts wanted! However, I still won't enter the market!
The logic is as shown in the chart. It gives me the feeling that it might be too simple, with the main force creating such a perfect entry pattern. No matter how you calculate it, it should take 3 waves to reach above 300, and 5 waves to exceed 500. It's too perfect, with no flaws, which instead makes me, as a technical analyst, doubt it. I won't rush to enter the market. I'm worried that this is a trap! 😤