SOLANA is testing the fib retracement resistances, forming a symmetrical triangle. It seems like the 78.6% retracement line is to be tested again. If it manages to break out from that resistance, we expect to to retest the 100% fib extensions of the latest months.
Open Position @ 170.6 (at 78.6% extension resistance breaking over the symmetrical triangle)
Take Profit @ 210.0 (retest of 100% fib extension)
Stop Losses @ 140.0 (Just below the triangle at 61.8% fib resistance)
The analysis is just technical.
Open Position @ 170.6 (at 78.6% extension resistance breaking over the symmetrical triangle)
Take Profit @ 210.0 (retest of 100% fib extension)
Stop Losses @ 140.0 (Just below the triangle at 61.8% fib resistance)
The analysis is just technical.
Trade closed: target reached