Price continued falling inside the channel shown in the last post (see related idea), and the yellow bounce zone has been reached. I have 2 approaches to buying SOL:
A. As as investor, this is a good place to begin buying, even we have some more downside.
B. As a trader, we still don´t have solid reversal indications. Ideally we should wait for the channel to be broken.
(I am buying some for my long term portfolio right now, and will look for short term trades after a reversal pattern is in place)
A. As as investor, this is a good place to begin buying, even we have some more downside.
B. As a trader, we still don´t have solid reversal indications. Ideally we should wait for the channel to be broken.
(I am buying some for my long term portfolio right now, and will look for short term trades after a reversal pattern is in place)
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