🌊📉 $SOL dropped from 183.45 — Is it a decline or a correction? 🤔
The price has slightly decreased after reaching 183.45, but it is still above the daily support at 176.62
📈 The KDJ indicator shows strong momentum, especially since J is very high at 105.32, which means buyers are still active
📉 The SAR indicator gives signs of slowing down, but there is no clear reversal
📊 The price is moving within an upward channel, and the current volatility is normal after a wave of increase
💬 Is it a correction?
✅ Yes, the current decline seems to be a healthy correction after a rapid rise
📉 If the price breaks the level of 176.62, we might start to see a deeper drop towards 170 – 165
📈 However, if it bounces back from here, it might retest 185 – 190 soon
⏳ My advice? Watch the price movement at 176 – 178; if it holds above them, entering might be safe
🚨 Do not enter before confirming a strong reversal candle
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