$Sol Update 20% Down Look at it from this perspective 👀 We just got a breakdown of a major support level after nearly 20 weeks of consolidation. And it wasn't a weak breakdown either , it came with a strong candle. Could we get bounces along the way? Absolutely. But I wouldn't want to go against the higher timeframe trend here. If I have to take losses, I'd rather take them while trading with the trend than trying to catch every bounce against it. For me, the play is simple: Any meaningful bounce into resistance is worth looking at for shorts until market proves otherwise. Trade the trend, not your hopes.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.