Deep correction in the crypto circle, waiting for the bottom signal!
Good evening, everyone. This order talks about SOL. Yesterday, SOL broke the 150 oscillation zone and dropped to 140, where it stayed and showed a weak rebound. This is not an opportunity to enter and buy the dip, as the bears have not finished their volume. We need to be clear about the conditions under which we buy the dip. There are two situations: the first is when the big player (Da V) shows a strong rebound, indicating that the bulls below are starting to attack. At this time, the general limit orders cannot be fulfilled, and we need to take market orders to chase. The second situation is the second test. If the price does not break during the second pullback and shows signs of a final shakeout, this is a good time to go long, as the winning potential is also very high. However, the current market has not shown any of these situations, so I believe that even if there is a rebound, we should not easily buy the dip and go long now. Yesterday, at the price of 159 for SOL, I said to go long at 147-150, and everyone thought it was impossible to go that low, then it hit the lowest point of 140. The market changes rapidly, and no one can predict market trends. You should consider which price point has a higher winning potential; once it reaches that point, just gamble on it!
Today, I expect continued decline, at most a slight bounce, and then continue to drop. The KDJ indicator on the chart has already broken the DJ line. The bulls are clearly weak. The last spike near 140 saw a violent rebound in 4 hours, but this time the rebound was very slight and quickly retraced, making it difficult to attack. The Bollinger Bands have opened up, and the price is at the lower band, without even touching the middle band. So, what’s there to talk about when buying the dip? Anyway, I’m the type of person who would rather miss out than take risks. If there’s a rebound to 152-155, I’ll short directly with the target set below 135. At the same time, I’ll place an order to go long near 130-132.6 with a target around 143. Over two days, I’ve made more than ten times my investment. Placing a DJ is not too much, right, everyone!