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Currently watching $SOL , the price is around 82.460 USDT. Do you think we should keep pushing higher or is it about time for a pullback?
$SOL To give a quick conclusion, I would lean more towards: a rise followed by a shakeout.
Here's my main reasoning:
First, the continuation after a surge is usually weak, and chasing long positions often leads to entries at awkward levels.
Second, the buying momentum isn't strong enough; there's still a lack of energy to break through upward.
Additionally, if the 5-minute chart reclaims a key level, the 15-minute chart reclaims the previous high, or if a break results in a higher low, that would be invalidation signals.
Entry suggestion: 83.150 USDT
Watch this target: 78.201 USDT
Stop-loss reference: 85.130 USDT
The most critical risk at this level is a volume-driven breakout through the resistance.
If it were you, would you prefer to try a small position first, observe and wait, or just give up and stay out?