Solana Outlook -- 4H
1.) Current Sol outlook. US30/BTC continue to show bullish/revival, thus...alts follow like ducklings. Know the chain of command.
2.) Fibonacci completely retraced from 6/13 swing low, S/D zone one turning to support.
3.) Possible retest of 38 to be considered for those seeking long. 4H over-bought, and bear candle close above EMA 10...albeit affecting little.
4.) But, could plow through. 50/50 probability, use risk management. Already took gains through last push, not taking position without retest.
5.) Keep it simple folks. Enjoy the day, trace the news. Again, this chart is as such because it's in lock-step Dow/BTC. Plan accordingly.
6.) Ditch whatever cultish sentiments you have toward alts, good or bad. That's emotional/tribal trading. Just read the charts.
You do you. #DYOR
2.) Fibonacci completely retraced from 6/13 swing low, S/D zone one turning to support.
3.) Possible retest of 38 to be considered for those seeking long. 4H over-bought, and bear candle close above EMA 10...albeit affecting little.
4.) But, could plow through. 50/50 probability, use risk management. Already took gains through last push, not taking position without retest.
5.) Keep it simple folks. Enjoy the day, trace the news. Again, this chart is as such because it's in lock-step Dow/BTC. Plan accordingly.
6.) Ditch whatever cultish sentiments you have toward alts, good or bad. That's emotional/tribal trading. Just read the charts.
You do you. #DYOR
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