🤖 solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof BROKE OUT, BUT DON’T FOMO YET solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof finally broke above the $1.57 resistance and pushed toward $1.70. That is bullish, but this is exactly where I want to stay careful. The whole crypto market has moved fast, while the macro backdrop still looks fragile. For me, there are 2 scenarios from here. 40% scenario: the breakout holds, solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof consolidates above the old resistance, and price eventually pushes toward $2.05. 60% scenario: this turns into a fakeout, price falls back below $1.57, and we get a deeper retrace toward the Fib zone around $1.45–$1.39. That kind of pullback would not necessarily destroy the bigger bullish structure. But chasing after a sharp breakout here is not something I want to do. Let the market prove the breakout first. No FOMO. Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof. Always do your own research.
Giannis AndreouShare

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.