SOL
is showing an incredible performance, up by > 1000%. I'm holding the coin for the long term (24 - 48 months). However, considering the formation of bearish divergence and overbought conditions on the RSI, I will partially take profits (around 1/6) to secure some gains.
There is a possibility of seeing higher-order wave formations with targets around $500 - $800 in the long term, possibly by 2024.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Solana. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Solana #Investment #SOL