TheSignalyst

SOL - Potential Bullish Reversal!

Long
BINANCE:SOLUSD   SOL / US Dollar (calculated by TradingView)
Hello everyone, if you like the idea, do not forget to support with a like and follow.

SOL is sitting around strong support in green so we will be looking for buy setups.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

on H4: SOL is forming a symmetrical triangle in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, SOL would be overall bearish can still trade lower till the 10.0 before going up.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

seems logical, let's see what we get.
here's a setup I'm tracking in BATUSD.
BATUSD WK: 2000% gains BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
+1 Reply
@ProjectSyndicate thanks for sharing mate
Reply
Good one.
+1 Reply
@VincePrince thanks buddy
Reply
hi, I am BDM from bitget, do you work with us already?
+1 Reply
Thanks for your update
+1 Reply
TheSignalyst watchtrend
@watchtrend, keep it up dear :D
Reply
thanks for sharing your idea. you are well done
+1 Reply
@MDT8, My pleasure brother MDT
Reply