Solana – High confluence Pullback Trade

• Solana did amazingly well in this impulsive move-up. In one month, (June 14th – July 14th)
Solana’s price increased by more than 140%.
• I found a high confluence demand zone which could be Solana’s launchpad for another
impulsive move up.
Confluences:
1. Daily Demand Zone (RBR) between 21.2 – 22.
2. 0.5 fib Retracement at 21.67
3. 50D EMA at 21.55
Trade Idea:
• Entry: 22 (demand zone
• SL: 20.3 (mid-range)
• Target: 38.8
• TP: 26.5, 30.5, 38.8
• R: R: 1:5.3 to the second TP