🚨 $SOL TRADE UPDATE 🚨
Do you think this is a confirmed breakout or just another fakeout? 👀
On 14-Aug, I went long on $SOL
at 205 USDT. Since then, I’ve been averaging down and even 3x’d my margin 😅. Not gonna lie — seeing my ROI hit -100%+ last night tested my patience 🤧 … but that’s the psychology of trading: patience vs. panic.
Here’s what I’m watching on the chart:
🔹 Price broke out above the 188.5 resistance zone
🔹 7 strong green candles in a row + widening Bollinger Bands = signs of a potential breakout
🔹 But Stoch RSI is overheated at 100 → short-term pullback risk still exists
⚡ Key Levels:
If 188.5–189 holds as support → I’ll trust this breakout and keep my long position
If it fails and closes below 187 → likely a fakeout trap
👉 What do you think?
Will $SOL push toward 192+ tonight, or is this just another bull trap?
💡 Takeaway for Futures traders:
It’s not always about catching the perfect entry. The real game is risk management → keeping your account safe from liquidation and only adding confidence when the breakout confirms.
Stay #safe & trade smart! 🚀#MarketTurbulence #HotJulyPPI