unfortunately entered much too high for a long position. always follow the news about what is happening in the world. e.g. with Trump, Ukraine, Russia, Israel, etc.
YonatanWu
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Bullish
UPDATE MY $SOL POSITIONđš **Do you think now confirmed Breakout or Fakeout?
2 days ago on 14-Aug, I entered my $SOL long at 205 USDT⊠and yes, Iâve been holding through the dip all the way down, put all effort to average down and 3x my marginđ . It hasnât been easy watching -100%++ ROI keep flashing on my screen (last nightđ€§), but thatâs trading psychology â patience vs. panic.
I'm not technical expert but now letâs look at the chart together đ đč Price finally broke out from the resistance zone around 188.5 đč Strong 07 bullish green candles + expanding Bollinger bands = potential breakout confirmation. đčBut, Stoch RSI is already overheated (100 level)⊠meaning short-term pullback risk still real.
⥠What Iâm watching now: If $SOL $retests 188.5â189 and holds there â Iâll add confidence to my long since it has solid foundation going up. If it fails and closes back under 187 â this could be just a fakeout trap.
đ What do you guys think? Will SOL continue the breakout to 192+ tonight? Or is this just another bull trap before more downside?
đĄ Lesson for Futures traders: Sometimes itâs not about catching the perfect entry, but about managing risk, keep your account away from liquidation price, and only take further action on breakout confirmation.
Good Luck and stay safe everyone!
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