Post
UPDATE MY $SOL POSITION🚨
**Do you think now confirmed Breakout or Fakeout?
2 days ago on 14-Aug, I entered my $SOL long at 205 USDT… and yes, I’ve been holding through the dip all the way down, put all effort to average down and 3x my margin😅. It hasn’t been easy watching -100%++ ROI keep flashing on my screen (last night🤧), but that’s trading psychology — patience vs. panic.
I'm not technical expert but now let’s look at the chart together 👇
🔹 Price finally broke out from the resistance zone around 188.5
🔹 Strong 07 bullish green candles + expanding Bollinger bands = potential breakout confirmation.
🔹But, Stoch RSI is already overheated (100 level)… meaning short-term pullback risk still real.
⚡ What I’m watching now:
If $SOL $retests 188.5–189 and holds there → I’ll add confidence to my long since it has solid foundation going up. If it fails and closes back under 187 → this could be just a fakeout trap.
👉 What do you guys think?
Will SOL continue the breakout to 192+ tonight?
Or is this just another bull trap before more downside?
💡 Lesson for Futures traders:
Sometimes it’s 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!
**Do you think now confirmed Breakout or Fakeout?
2 days ago on 14-Aug, I entered my $SOL long at 205 USDT… and yes, I’ve been holding through the dip all the way down, put all effort to average down and 3x my margin😅. It hasn’t been easy watching -100%++ ROI keep flashing on my screen (last night🤧), but that’s trading psychology — patience vs. panic.
I'm not technical expert but now let’s look at the chart together 👇
🔹 Price finally broke out from the resistance zone around 188.5
🔹 Strong 07 bullish green candles + expanding Bollinger bands = potential breakout confirmation.
🔹But, Stoch RSI is already overheated (100 level)… meaning short-term pullback risk still real.
⚡ What I’m watching now:
If $SOL $retests 188.5–189 and holds there → I’ll add confidence to my long since it has solid foundation going up. If it fails and closes back under 187 → this could be just a fakeout trap.
👉 What do you guys think?
Will SOL continue the breakout to 192+ tonight?
Or is this just another bull trap before more downside?
💡 Lesson for Futures traders:
Sometimes it’s 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!