SOL retrace & bounce to $200
SOL has formed a channel grinding higher.
Expecting a quick drop to $163-$167 before bouncing up to $200-$210.
The safest play is to not short the drop, but wait for the bounce and go long after the RSI & Money Flow Indicator trend upward again.
Expecting a quick drop to $163-$167 before bouncing up to $200-$210.
The safest play is to not short the drop, but wait for the bounce and go long after the RSI & Money Flow Indicator trend upward again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.