$SOL Update : The Trade Has Made Money Already…
Just three days ago, I put $5,000 into $SOL, and now the trade is profitable, with gains of around $181. Patience and correct positioning will always win against pump chasing…!
Technically speaking, SOL has retested the crucial demand zone, trying to retake support. It’s important that the reaction from this level has been precisely what bulls were looking for strong buying pressure.
If the indicated support can continue to hold, we should see another rally to higher levels. The momentum looks positive and, at this point, the pattern indicates continuation…!
For now, all I’ll do is stay with the trade and let the market unfold. Next move might be quite important. Stay tuned …!