๐ Solana (SOL) โ Buy or Sell? My Quick Take
Hey everyone! Just sharing my quick thoughts on Solana (SOL) โ buy, hold, or take profit?
๐ 1๏ธโฃ Technicals
SOL is still volatile and tracks BTC and market sentiment. It looks bullish if it stays above key supports (MA 50/200). Levels like $100โ$150 often act as strong zones.
Indicators:
RSI <30 โ oversold โ buy signal
RSI >70 โ overbought โ sell signal
Golden Cross โ bullish | Death Cross โ bearish
Volume confirms breakouts.
๐ 2๏ธโฃ Fundamentals
โจ Pros: Fast, cheap, strong DeFi/NFT ecosystem, active devs.
โ ๏ธ Cons: Past network outages, tough competition, macro-sensitive.
๐ก 3๏ธโฃ My Scenarios
Buy dips near strong support + RSI oversold.
Ride breakouts above resistance with volume.
Take profit if near major resistance + RSI overbought.
Cut loss if trend flips bearish.
โ I still like SOL long term, but always DYOR, manage risk, and use stop loss!
๐ Not financial advice. Whatโs your take on SOL? ๐