I know the market looks dreadful, especially for most coins within the Solana ecosystem. However, this is simply a retest of the breakout levels and the Point of Control (POC) into the $130s.
If there’s a chance to get it cheaper around $122, I’ll place a bid, along with the last level. These are spot buys, of course.
This is all true as long as BTC stays above $75K, so keep that in mind when taking risks. If BTC decides to challenge sub-$80K territory, be cautious.
I’m not looking for new all-time highs (ATHs), but a retest around $170 would be welcomed. SOLSOLUSDT
Trade active
First bids hit,
Note
Pay yourselves here; it's tapping the 2022 open.
I'm happy with the move so far. I did expect it to go into $200, but I believe it will face rejection here. Expecting some sideways action for a few days before the next big move up.
Note
Happy I took profits, but not so happy that it erased the entire move in the following candle. Bearish retest so far...
Trade closed manually
Still holding at support, but the weekly needs a miracle. Might see another retest into $170, but for now, I'd rather close the remainder here. $140
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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.