SOLUSD still in my position never fold under pressure. It’s trying to break high don’t fall for the dumps and don’t let the bankers tap into your emotions.
SOLUSD sounds like the billionaires and bankers got retail hopes up for a bull run. Makes me wonder when is the next dump? Until there's a confirmed structure change above 250-300, I'll hold off buying spot.
SOLUSD i see a lot of people saying clear this and we do this. drop below this and we go down to this. that's not how the market really works on a macro level. or a technical one. this isn't a retail game anymore like it once was. its not as much about phycological levels anymore. if institutional buyers step in it goes up. if institutional sellers step in it goes down. and they are taking things into account that have nothing to do with TA most of the time. one might say if we break above a certain level then we will pump. but what if there is a massive institutional sell order 4 dollars above that price that you're not looking at that suppresses price long enough for bearish momentum to build again? its visible on a heat map. but did you see it? I'm not saying support and resistance don't exist, but they are not in control. not even close. as you can see recently we drove above 200 all the way to 211.50. i myself even thought we might continue. TA backed it up as well on many of my indicators. then we dumped back down to 174. perfect example. phycological levels trap retail traders. its how bull and bear traps are set up. be reactive to the market. not predictive. they want your money. don't give it to them in a hand basket. btw I'm still bullish.