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$SOL Currently looking at SOL, the price is around 84.200 USDT. Do you think we should keep pushing higher or is it about time to pull back a bit?
If I were to state the conclusion first, I would lean more towards: it looks like a high-level divergence, not suitable for continuing to chase long positions.
Here's my main perspective:
First, the buying momentum isn't strong enough; there's still a gap before a breakout upward.
Second, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are average.
To add one more point, only add to profits, not to losses; test position at 20%, main position at 50%, accelerated position at 30%.
A more comfortable entry point: 84.874 USDT
Target first: 79.822 USDT
Stop-loss reference: 86.894 USDT
But the biggest risk at this level is that the resistance might be broken through with high volume.
If you were trading here, would you first go long and watch a bit longer, or just avoid it altogether?