SOL reaching next support level and might come down with BTC
There is a lot of support around $19.40 and Solana is very fast approaching this target.
Bitcoin had a death cross this week, traditionally this means a small pump followed by a strong correction. We are also approaching the end of the death cross pump.
Solana is following the pump now, but there is a wall at $19.40 so traders will take profit around that amount and retreat as soon as they see #bitcoin coming down.
There is a very small support line at $17.50 but I am not sure it will be enough, it really depends how fast BTC will be going down.
Bitcoin had a death cross this week, traditionally this means a small pump followed by a strong correction. We are also approaching the end of the death cross pump.
Solana is following the pump now, but there is a wall at $19.40 so traders will take profit around that amount and retreat as soon as they see #bitcoin coming down.
There is a very small support line at $17.50 but I am not sure it will be enough, it really depends how fast BTC will be going down.
Trade active:
We seem to have reached the top of the zone, we went higher than expected, but we should be heading down from here.
I have a SL at $20.63 and I will look to take 50% profit from $17.67 and the rest around $16.31
I have a SL at $20.63 and I will look to take 50% profit from $17.67 and the rest around $16.31
Comment:
The stop loss was triggered, I still think we will go back down ... just not now.
Trade closed: stop reached