Today we had follow through. If you compare this morning's update chart to now, we're following through. It's just not an exciting follow through. Based on Private Chats I got today there's a lot of frustration out there.
What I'm about to relay is not to be taken as my price expectations. I'm want to be doubly clear on that. However, there's some anecdotal evidence that the crowd who is FOMO...or (Fear of Missing Out) is out in force. People want to load up at new lows and they're nervous they're not involved. FOMO crowd does not do well watching from the bleachers. (SIDEBAR: Cash is a position)
But my point is that when the FOMO crowd shows up, there's pent up demand. The have cash and want to deploy it. But I have seen all too many times, that FOMO buys at new lows....it goes a lot lower. I get it...I too want to own Solana at a price that makes me money. But FOMO is never a good example to follow.
Remember (I've written about this before) , ask yourself..."Am I frustrated right now"? If the honest answer is YES. THAT'S WHEN YOU KNOW YOU'RE IN A FOURTH WAVE. And since we all can count...what comes next?
Answer: Wave FIVE. (Look at my chart...ALL ARROWS POINT DOWN.)
So, take a break, stop looking at the charts...and wait for price to reconcile the way it will. You'll save yourself a lot of headache and money by just letting price come to you.