SOL Is there even a “too high” level?
SOL has a crazy run recently. Even on the historic day 2 days ago it still closed Green and around 6% above Open.
However, is it too high now? MFI and similar oscillators did not mean anything on the way from 130-190 but now maybe?
I’m expexting a break below R2 (185) and a further pullback to 173 (0.618 fibo). Time to test the water with some small short orders with (tight) stoploss.
However, is it too high now? MFI and similar oscillators did not mean anything on the way from 130-190 but now maybe?
I’m expexting a break below R2 (185) and a further pullback to 173 (0.618 fibo). Time to test the water with some small short orders with (tight) stoploss.
Note
I forgot to say that 216 and possibly 221 (R3) seem to hold strongly as resistance.
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Disclaimer
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.