Weekend Altcoin Episode $SOL
Once there was a 4k sol in front of me that I did not cherish, what came was 295 sol,
I wonder if I will ever see 4k sol again in this life. Some classmates may ask why you didn’t buy 4k sol?
Because human nature is greedy, because I wanted to wait for a lower position. I remember back then the big coin was only over 10,000 dollars,
And it had already been falling for many days; altcoins were falling 10%-20% every day. Who would dare to buy?!
Who can know what will happen tomorrow?
Will it continue to fall? That year the market was filled with bloody buns, but very few dared to pick them up.
Don’t brag and say you would dare to buy; would you be scared stiff by that year’s falling basket?
So it’s said: people can never earn funds outside their recognition. Even if you are given the opportunity, you can’t use it!
Even if you are given the opportunity, you can’t use it. Indeed, I did not seize the opportunity to get rich quickly, but life is long—just wait well. Don’t live in the shadow of the past; look towards money and strive to earn more.
The important support level for sol on the 4-hour chart is around 140. If it retraces to 140, you can make a small long left-side trade with a light position; if it breaks below 140 on the 4-hour chart, just run! Moreover, the neck line of the M-head pattern also appears at 140, and breaking below 140 confirms the M-head.
This is a 4-hour M-head; don’t underestimate it. If it breaks below 140, according to Fibonacci, the 1:1 target position is 137. If it can't hold, then look at the 1.618 position around 132. If 140 breaks below, this bullish trend above that segment is destroyed.
Overall, the bullish trend on the 4-hour chart has not been broken, but if 132 breaks, the large bullish trend outlined by the big yellow box is completely destroyed. Then we can only announce that this bullish trend for sol on the 4-hour chart has temporarily come to an end.
The resistance above for sol on the hourly chart is in the range of 144-145. To rise, it must break through 144-145 to see the previous high of 148. If it can’t break through, it’s of no use. If 140 is broken, it will return to operate within the box, moving in the range of 140-133 with fluctuations. For cautious classmates, just wait for sol to retrace to the lower boundary of the box around 133 to enter long, looking up at 140. After all, a trend formation won’t easily change, so if the position of 133 can be given, it is absolutely worth taking a shot at a long position. Even if you get stopped out, the position worth betting on should still be bet on. Meeting adjourned.
