Yesterday, I actually shorted SOL, but that one spike shot up and wiped it out completely. This market is seeing more and more small-scale fakeouts. Truly fascinating. The resistance on the short-term timeframe is super clear: downtrend line suppression + horizontal resistance zone. Unfortunately, after a strong pump by the bulls, it got dumped hard, creating a fake breakout and fakeout pattern. Honestly, the bulls are trying to make moves right now, but the overall trend is still controlled by the bears! In this kind of market, you either stay out or go in with light positions and wide stop losses. Otherwise, you'll just get shaken out back and forth and won't be able to hold on ε=(´ο｀*))) sigh Now look at this—SOL has dropped all the way to daily support. But this support has already been worn down, so there's no point in going long here. The win rate is just meh. As for chasing shorts, you'll have to wait for a clear break below daily support before jumping in~ SOL