$SOL ‼️ Everyone’s saying Solana is about to pump hard—but that’s not quite accurate ‼️ ⛔ Yes, a big pump is coming, but not yet. Based on my analysis, Solana needs around 2 more weeks to break above $150+ ✅ In the next 1–3 days, I expect SOL to drop to around $128 before any major move up. Right now, it’s struggling to break through the $140 resistance level. Stay cautious and watch the price action closely! 😊
## 1. **Lack of Proper Education and Preparation**
One of the biggest mistakes new traders make is jumping into the markets without sufficient knowledge. Trading requires an understanding of market trends, technical and fundamental analysis, risk management, and trading psychology. Many beginners rely on tips from social media or friends without doing their own research, leading to poor decision-making. A solid education in trading principles is essential before risking real money.
## 2. **Failure to Use a Trading Plan**
Trading without a plan is like driving without a destination—it often leads to confusion and losses. A trading plan outlines entry and exit strategies, risk tolerance, and profit targets. New traders often make impulsive decisions based on emotions rather than logic, leading to inconsistent results. Sticking to a well-defined plan helps maintain discipline and reduces emotional trading.
## 3. **Overtrading and Chasing Losses**
Many beginners believe that more trades equal more profits, leading to overtrading. Excessive trading increases transaction costs and can result in poor decision-making due to fatigue. Additionally, some traders try to recover losses by taking bigger, riskier trades—a behavior known as "revenge trading." This often leads to even greater losses. Patience and selectivity in trades are crucial for long-term success.
## 4. **Ignoring Risk Management**
Risk management is one of the most critical aspects of trading, yet many new traders neglect it. They may risk too much capital on a single trade, use excessive leverage, or fail to set stop-loss orders. Proper risk management involves limiting each trade to a small percentage of the total capital (e.g., 1-2%) and using stop-losses to protect against large losses.
#AwarenessPost Common Mistakes Made By New Traders ⚠️ # Common Mistakes New Traders Make ## 1. **Lack of Proper Education and Preparation** One of the biggest mistakes new traders make is jumping into the markets without sufficient knowledge. Trading requires an understanding of market trends, technical and fundamental analysis, risk management, and trading psychology. Many beginners rely on tips from social media or friends without doing their own research, leading to poor decision-making.
Price has been in a short-term downtrend after reaching the recent high of $136.13. This is evident from the series of lower highs and lower lows in recent candles. The price is currently testing support around the $124–$125 level.
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Candlestick Patterns
Recent candles are mostly red with long wicks, indicating selling pressure and attempts to push the price lower.
No clear reversal pattern has formed yet, suggesting the bearish momentum may continue unless strong support holds.
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Volume Analysis
Volume has declined compared to earlier bullish moves, indicating weakening buying interest.
Volume MA(5): 437,386.650
Volume MA(10): 488,808.634
Both MAs are sloping down slightly, confirming reduced trading activity and momentum.
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Moving Averages (MA)
MA(5) and MA(10) are close, with the 5-period MA slightly below the 10-period MA.
This crossover often signals a bearish trend in the short term.
Price is below both moving averages, suggesting a bearish sentiment.
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Support and Resistance Levels
Immediate Support: $123.49 (24h low), and $119.10 (previous consolidation area)
Major Support: $112.96 and $108.21 (recent bottom)
Immediate Resistance: $131.38, followed by $136.13 (recent high)
Major Resistance: $137.53
Conclusion & Trading Strategy
A break below $123.49 opens the door to $119 or even $112.96.
Reversal signs (bullish engulfing, hammer, or bullish divergence on RSI) are needed before considering longs.
Strategies
Short-term traders: Look for rejection near $131 for potential short entries.
Long-term investors: Accumulation possible near $112–$119 if strong support confirms.
Stop-losses: Should be set below recent support if going long, e.g., below $123.
$SOL Solana is about to test the support zone of 125 USDT. If it breaks below, it might end its bullish period and start a new bearish phase. A risky entry trusting in the continuation of the uptrend would be to buy at 126 USDT with a stop loss at 124 USDT and take profit at 134 USDT, which is the zone and resistance that triggered the drop.Key Signals:** ✅ **Short-Term Uptrend** (7-day rally: **+22.33%**).
### **Prediction:** 🔷 **60% Chance of UP (Bullish)** – If SOL holds above **$130** and breaks **$136**, the next target is **$137.88+**. 🔷 **40% Chance of DOWN (Bearish)** – If it fails to hold **$130**, a pullback to **$125** is possible.
### **Final Verdict:** **More likely UP (bullish)**, but with possible short-term volatility. Watch **$130–$136** for confirmation.
### **Key Signals:** ✅ **Short-Term Uptrend** (7-day rally: **+22.33%**). ✅ Current price (**$131.59**) is **+2.71%** today, showing recent strength. ✅ Resistance at **$136.13** (24h high) – a break above could push higher. ⚠️ **Volume is slightly decreasing** (below MA(5)), which may slow momentum. ⚠️ **Support at $130.13** – if broken, could drop to **$125.32**.
### **Prediction:** 🔷 **60% Chance of UP (Bullish)** – If SOL holds above **$130** and breaks **$136**, the next target is **$137.88+**. 🔷 **40% Chance of DOWN (Bearish)** – If it fails to hold **$130**, a pullback to **$125** is possible.
### **Final Verdict:** **More likely UP (bullish)**, but with possible short-term volatility. Watch **$130–$136** for confirmation.
Pakistan just made a big decision by hiring Changpeng Zhao (CZ), who used to be the CEO of Binance, as their advisor for cryptocurrency. This is a huge step because Pakistan is actually the third-largest holder of crypto in the world, which might surprise a lot of people. Bringing in CZ will help both the government and the crypto industry grow by making things better organized and encouraging more people to get involved. After this move, we can expect big crypto companies like Coinbase and Crypto.cum to start working with Pakistan, which could make the country an even bigger deal in the crypto world. #tinytick
In Pakistan, when people want to buy USDT, the price is around 300. However, when they try to sell, the price drops significantly, often as low as 281 or even lower. 😔 It's disheartening! Many feel embarrassed to admit they’re from Pakistan because they’re witnessing the harsh treatment by P2P traders. Even worse, a lot of traders disappear after receiving the money. 😧
The government is in the process of legalizing cryptocurrency in the country, and there’s hope that Pakistanis will soon be able to move away from P2P trading scams. They may have access to more secure and useful tools or apps where they can buy and sell without relying on third parties.
What’s your advice on this? Please share your thoughts in the comments. Your feedback will be appreciated! 🙏🏻 Thanks.