#Solana has been trading on the short-term, low time frame, ascending channel. Been fun and profitable trading the range.
Note
So far so good - I think this channel holds for a good little while until BTC dumps or jumps. Leveraged positions are on the rise which usually means a flash dump is possible (like we had a few days ago).Note
Fun while it lasted - now we're looking at $170 for a solid bounce. If that breaks, expect to dip further down to $165.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.