Solana (SOL): Breaking Local Resistance / 2 Scenarios!

We are back with Solana coin, where we see that another attempt of breakout has turned successful and price has broken the resistance.

We now keep an eye on that broken zone, as we have two possible scenarios from here:
1) If we secure current zone, then we will move further to upper zones (towards next resistance)
2) If we fail to secure and have a fakeout move, then we will be back near EMAs.

Swallow Team

Comment:

Price secured the zone, and started to move further to upper zones (towards next resistance)

We are not keeping an eye on a possible rejection from those resistance zones, which would lead to a bigger re-test of that broken zone (possibly even a breakdown / which would result in a fakeout scenario).

Comment:

The price has been moving just as we predicted, and we had a nice upward movement after that breakout of the blue zone. Price touched nicely zone of $175 from where we have been seeing a rejection and a nice 5% of marketprice movement so far.

Comment:

Solana has made a great breakout, which resulted in a touch to upper zone right there to that target zone. After reaching that point, we had a nice rejection and now we are testing again that broken zone and EMAs. A possible breakdown can be seen here!

🟢Trade Was Successful / +13.49%