SOLUSD Neutral Outlook

SOL is at a unique point in its recent breakout. As you can see with the blue lines we broke out of a bull flag recently. This move has since shown higher lows and higher highs being put in. The yellow line is the current uptrend and unless it is invalidated this may be a good entry for the bulls. Otherwise the bears can look for their opportunity when the yellow trend line is broken and we push lower.

As always manage your risk and ask questions!!

Trade active:

Failed to make a higher high and broke the upward trend. Can look to take this shirt with a stop at 115.

Trade active:

Below $100 and this will have some legs for a bigger move south!

Trade closed: stop reached:

Stopped out at breakeven

Comment:

wow this thing is runningggg