#SOL Broke Down the Uptrend Line?

Jan 17

📊#SOL Broke Down the Uptrend Line?

🧠Looking at the 4-hour chart, we have indeed broken below the uptrend support line. However, we haven't continued to break strongly through the resistance zone (S/R), so we need to be wary of a potential correction.

➡️I'm still holding my long positions entered near the uptrend support line, hoping for a breakout above the S/R to 152-160.

⚠️Note the contradiction here, so I'm choosing to hold risk-free and wait for the market to determine the outcome. If your position is relatively large and you're currently seeing good profits, you could conservatively reduce your holdings.

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SOLUSDT.P

Jan 19

Order cancelled

The long positions were automatically closed after hitting the cost price.