Playing Yearly Levels on SOL: Targeting $170

Feb 26

I know the market looks dreadful, especially for most coins within the Solana ecosystem. However, this is simply a retest of the breakout levels and the Point of Control (POC) into the $130s.

If there’s a chance to get it cheaper around $122, I’ll place a bid, along with the last level. These are spot buys, of course.

This is all true as long as BTC stays above $75K, so keep that in mind when taking risks. If BTC decides to challenge sub-$80K territory, be cautious.

I’m not looking for new all-time highs (ATHs), but a retest around $170 would be welcomed.
SOL SOLUSDT

Feb 28

Trade active

First bids hit,

Mar 2

Note

Pay yourselves here; it's tapping the 2022 open.

I'm happy with the move so far. I did expect it to go into $200, but I believe it will face rejection here. Expecting some sideways action for a few days before the next big move up.

Mar 3

Note

Happy I took profits, but not so happy that it erased the entire move in the following candle. Bearish retest so far...

Mar 7

Trade closed manually

Still holding at support, but the weekly needs a miracle. Might see another retest into $170, but for now, I'd rather close the remainder here. $140