Are you guys were able to take some profit ? 😇

Now #SOL was consolidating between 192 and 193. Then started to move down. Currently at the 191.5 level. Interestingly the RSI is about 67 which is overbought, but the RVI is below 40, which means there is no vigor.

I would refrain to open a trade until we see which way it would move as it could be also a false breakout as the price increase was really steep.

I think, if it moves down, but rebounce from anywhere above 186, then moves (close) above 196, we should be good until 200.

On the contrary if the price moves (close) below 186 and further down, then congratulations that was only a false bullish breakout and we can have a real bearish breakout due to market anxiety and sell pressure.

Take your time and don't rush to engage until there is a clear indicator on the 4H and daily chart, that show a clear movement range.

Disclaimer: I am by no means a professional, so this is NOT a financial advise. As always, do your own research.