Solana Spike at Support

Today on social media I was asked "what cryptocurrencies can be used to mint NFTs other than Ethereum". Solana is the second most popular.

I was checking Solana SOLUSD on the daily and I do see a spike trade setup on that timeframe. I wondered why it did not fire in alerts and it is because the ATR Clearance is below the threshold (70%) so it is not one I would trade by my qualification rules. SOLUSD spike is happening at what looks like a support for now. The good reward/risk trade was long from 86.27. If it breaks the stop level... that's bad... so you know where you're wrong and price could fall into the uncanny valley of risk.

Trade active:

Primary Target reached, posted