The Bitcoin trend has reversed, so I decisively gave up on short positions and am now switching directly to long positions on SOL. I’m setting the stop loss below 133.17, with an extreme limit at 132.7.
For take profit, I’m looking at several levels: the first target is 135.2, then 138.55. If it can break yesterday’s high, there’s potential, and we could see 142, 145.8, or even a push past 150 is not impossible.
Today, SOL dropped close to recent lows. Compared to the bullish performance of BTC and ETH, it’s been the weakest. But on the flip side, if Bitcoin really turns bullish, SOL, as a lagging coin, often shows stronger explosive upside and profit potential when it catches up.
That said, on all timeframes, SOL is still stuck in a bearish structure. If you’re firmly bearish, you can refer to my previous analysis for reference.
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The Bitcoin trend has reversed, so I decisively gave up on short positions and am now switching directly to long positions on SOL. I’m setting the stop loss below 133.17, with an extreme limit at 132.7.
For take profit, I’m looking at several levels: the first target is 135.2, then 138.55. If it can break yesterday’s high, there’s potential, and we could see 142, 145.8, or even a push past 150 is not impossible.
Today, SOL dropped close to recent lows. Compared to the bullish performance of BTC and ETH, it’s been the weakest. But on the flip side, if Bitcoin really turns bullish, SOL, as a lagging coin, often shows stronger explosive upside and profit potential when it catches up.
That said, on all timeframes, SOL is still stuck in a bearish structure. If you’re firmly bearish, you can refer to my previous analysis for reference.