Trading Tip of the Day – $SOL
Edition
$SOL is testing a crucial support zone near 166.19 after a sharp drop from 182. While a bounce is in play, don’t mistake every green candle for a full reversal. Smart traders wait for confirmation.
Here’s the mindset to adopt:
• Don’t chase bounces blindly. Let price reclaim 172.80 with volume before calling it bullish.
• Use tight stop losses. This is a choppy zone — protect capital first, profits second.
• Scalp smartly. If you're trading the bounce, aim for quick exits at resistance levels like 172.20 and 176.00.
• Always zoom out. The bigger trend is still under pressure. Play the short-term moves, but don’t lose sight of the macro.
Sometimes, no trade is the best trade — especially when structure is unclear. Stay sharp.
