SOL aint looking that good
Updated
Yes, the market structure isn't really broken and it hasn't lost any major support
Yes, it can go higher, a lot higher,
and yes it's been one of the best performers of this cycle.
Which makes it rather risky to short it. But it doesn't change the fact that it:
- Failed to beat critical levels
- By being one of the best performers, retail is loving it.
- Everyone is too comfy in longs.
The level i had for SOL back in last year happened to be the exact bottom, so I'm being cautious here.
Yes, it can go higher, a lot higher,
and yes it's been one of the best performers of this cycle.
Which makes it rather risky to short it. But it doesn't change the fact that it:
- Failed to beat critical levels
- By being one of the best performers, retail is loving it.
- Everyone is too comfy in longs.
The level i had for SOL back in last year happened to be the exact bottom, so I'm being cautious here.
Trade active
If only someone has warned you. Oh wait...
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