SOLUSD: Snapping Back to $210 | 70.70% Probability!BINANCE:SOLUSD has been drawing a lot of attention in the crypto space in the past few days due to its integration with NASDAQ:PYPL
Let's have a technical analysis breakdown:
BINANCE:SOLUSD According to my Free Probability Indicator , There's a 70.00% chance it could climb back over $210 and beyond, which is pretty much encouraging!
If you're thinking about trading LINK, here's what you should consider:
Entry:
Wait for clear signs that the price is going up again.
Once you're confident the trend is changing, consider buying LINK.
I'm currently looking at the 8H Equilibrium to get positioned.
Exit:
To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits.
Risk Management:
Ensure you're not risking more money than you can afford to lose.
Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned.
This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.
