Candles show a nice rejection wick and current bounce from the daily 21EMA and 38% zone, however Im not exactly certain that SOL is in the clear just yet. Price will be knocking on an high volume trading zone soon, and this could be filled with orders to sell and push price down some more.
Sol hasnt been one of those coins that have been manipulated and suppressed alot, so I also have a slight contrarian view that it can come when people least expect it...now. Regardless, this zone is currently a good spot adding zone. Prev. analyses showed a potential rally before this drop, so I know forsure SOL has weakened but not convinced its regained strength and ready to continue on the path we've seen.
Sol hasnt been one of those coins that have been manipulated and suppressed alot, so I also have a slight contrarian view that it can come when people least expect it...now. Regardless, this zone is currently a good spot adding zone. Prev. analyses showed a potential rally before this drop, so I know forsure SOL has weakened but not convinced its regained strength and ready to continue on the path we've seen.
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These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
