Friends, look at how recently $SOL
It has risen, many want to buy on the rise and sell on the fall. Let's talk about the news and technical analysis. Regarding the news, we need to closely monitor the dynamics in the industry, such as new projects, collaborations, changes in policy; if there are major news items coming in regularly, then the further rise will be quite powerful, and one can wait to buy on the rise until the trend becomes more stable.
As for technical analysis, right now on the chart, the short-term moving averages are rising, the RSI is not overbought, the MACD also has upward momentum, but after the previous fall and rebound, one needs to be careful not to hit resistance and turn back.
Personally, I believe that one should not rush, wait for a correction to test the key support levels, such as the upper boundary of the previous sideways movement, and for volumes to be stable, while there should not be any negative news that could crash the market. At this time, buying on the rise will be more reliable, as in the crypto world, fluctuations are large, so be more cautious to take fewer hits, and the probability of earning will be higher!
If you are constantly trying to buy on the rise and sell on the fall and often find yourself in losses, without the latest news from the crypto world and without direction, click on the avatar to follow me, whether it is a phase of slow growth or sector rotation, I will always be with you.
