I was wrong last round; today, I’ll make it right.
Last night at 20:22, I wrote that
$SOL had no one taking the other side, so I wouldn’t chase it—the 1.36 odds weren’t worth it.
Twenty-four hours later, it has barely moved, up 0.3%.
At 5 a.m., it plunged to 101.17, then climbed back on its own.
Where was I wrong?
I only looked at the long/short ratio, not the volume.
That plunge involved 270,000 contracts; the previous candle had only 30,000.
It was stop-loss orders resting below that got hit, not longs giving up.
Now it’s back at 104.18, just 0.54% below 104.74 overhead.
Upside 0.54%, downs
