$SOL In addition, this order is canceled and will not be posted
After tonight, I will check whether to short the position.
$SOL Discussing how the orders go in the early morning
Friends who paid attention in the afternoon should have noticed that our short position had a slight dip and was withdrawn before any significant drop occurred, as there was not much of a pattern to follow. At that time, the existing understanding indeed did not indicate any signs of a sharp decline, and this is something we must acknowledge.
Then we hit our second take-profit level at 210. For our previous positions, the second target was 209, as this area is a special position at the Fibonacci extension of 1.618. So, taking this into account, there is some resistance at this level, which could lead to a drop. Therefore, we decided to chase the short position here. However, the current market is quite erratic. Based on my review, this wave is very likely to be a panic sell-off; it might just be the beginning and not the end. We cannot guarantee that there will be violent market movements at 5 AM or 7 AM. Hence, we will exit the danger zone with this position.
I suggest going long between 172-176.
Set the initial target at 188~191, and then the next target will be above 201.
I will consider adding to the position, and I will also post it in the comments section at the first opportunity. Brothers who agree can start placing orders now.
Friends who paid attention in the afternoon should have noticed that our short position had a slight dip and was withdrawn before any significant drop occurred, as there was not much of a pattern to follow. At that time, the existing understanding indeed did not indicate any signs of a sharp decline, and this is something we must acknowledge.
Then we hit our second take-profit level at 210. For our previous positions, the second target was 209, as this area is a special position at the Fibonacci extension of 1.618. So, taking this into account, there is some resistance at this level, which could lead to a drop. Therefore, we decided to chase the short position here. However, the current market is quite erratic. Based on my review, this wave is very likely to be a panic sell-off; it might just be the beginning and not the end. We cannot guarantee that there will be violent market movements at 5 AM or 7 AM. Hence, we will exit the danger zone with this position.
I suggest going long between 172-176.
Set the initial target at 188~191, and then the next target will be above 201.
I will consider adding to the position, and I will also post it in the comments section at the first opportunity. Brothers who agree can start placing orders now.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
179.89
-1.51%