#Solana #SOL #SOLUSDT Q: I managed to get a good entry but my experience is lacking. I am a bit nervous yet excited at the same time. I would like to ask: Should I sell or continue holding?
A: That's an easy question my dear reader, it will be my pleasure to answer. Hold, wait for higher prices before taking profits.
Technical analysis
Solana hit bottom 18-December and has been growing since. The action is happening safely above "support zone." Light blue-space on the chart.
SOLUSDT peaked at $143 and produced one single red candle, yesterday. Today started red but not anymore. The low was $132 and yet, the day is set to close with a strong green candle. Hold for sure.
There is a Fib. level at $137, the 0.148 extension. Notice how prices went above and below this level. No real retrace, no pauses—is as good as it gets.
Solana is aiming first at a target of $200 in the coming days, definitely this same month. The next target, and higher, sits at $255, can be $250, followed by $333.
The first target at $200 is a high probability target, this is the minimum we are aiming for. The last high is also good to consider but we have to see how the bullish wave unravels, will there be enough force?
In just a matter of weeks we will know if a higher high is possible for Solana. So far, it is still too early to say.
When it comes to the next move, a bearish move right now has 0-1% probability, while a bullish move is almost at 100%; 99% probability the market is moving higher. You can easily continue to hold. Here you can find more trades.
Thanks a lot for your continued support. It is truly appreciated.
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Namaste.
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$SOL