I rather wait to buy the strength for trading (not investing)
My overall bias for Solana is super bullish. I like the weekly price setup. Weekly MACD, RSI and Stochastic are all showing the clear (not strong enough) bullish momentums.
If you are interested in investing in Solana for the duration of the current crypto cycle, it is a good time to buy. However, if you are interested in swing trading (medium term), I will wait for daily stochastic to reset and move to the upside, and 4H MACD lines cross and enter the bull zone (0 level). Last week, there were three occasions where 4H MACD lines almost crossed but failed and ended up moving downside. A strong bullish trend usually happens with MACD moving upside in the bull zone.
It is tempting to buy the dip, but I will wait to buy the strength.
If you are interested in investing in Solana for the duration of the current crypto cycle, it is a good time to buy. However, if you are interested in swing trading (medium term), I will wait for daily stochastic to reset and move to the upside, and 4H MACD lines cross and enter the bull zone (0 level). Last week, there were three occasions where 4H MACD lines almost crossed but failed and ended up moving downside. A strong bullish trend usually happens with MACD moving upside in the bull zone.
It is tempting to buy the dip, but I will wait to buy the strength.
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