The entire market is like ranged few days to cool down selling pressure and the feeling is that without serious retracement we could see another pump until BTC goes to 40K USDT and in this case, SOL goes to 80-83 USDT. As you can see RSI is not overbought anymore despite SOL didn't retrace much while OBV really didn't pull back.
I personally don't like so much pumping but it happens during euphoric periods. On weekly timeframe last week suggested a retarcement was due (like for the rest of the market) but this week is shaping up like it was a rest week:
The blue line would be a safe entry price if the retracement happens, the area below a very good entry price.
Good luck
P.S.
all my TA recently has been aimed to "buy and hold" because we're passing from "disbelief" stage to "hope" and this might be the last occasion to buy at low prices even though the best prices are gone. I hope you people are already in, at least partially! I have accumulated various bags I was interested into.
I personally don't like so much pumping but it happens during euphoric periods. On weekly timeframe last week suggested a retarcement was due (like for the rest of the market) but this week is shaping up like it was a rest week:
The blue line would be a safe entry price if the retracement happens, the area below a very good entry price.
Good luck
P.S.
all my TA recently has been aimed to "buy and hold" because we're passing from "disbelief" stage to "hope" and this might be the last occasion to buy at low prices even though the best prices are gone. I hope you people are already in, at least partially! I have accumulated various bags I was interested into.