SOL is one of the best projects out there.. It has shown insane growth, almost $1 to $260 in less than a year! That's 260x It needs to cool down a bit. IMHO the best buy range fro Solana would be anywhere between $38 to $58. I am not interested to buy here for long term.
FOR SCALPER: For scalping the scenario is different, Short term support around $88 is good and $88 to $100 is a good scalping range.
If you have doubts and don't want to miss the next run. You can just follow the DCA strategy. I am more of a trend trader. So I don't really do much long term holding strategy in Crypto.
I always try to get the best entries possible in the market where no one is interested and try to take profits on the way up..
What's your thought on this?
Do hit the like button and share your views. in the comment section.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.