Helical_Trades

SOL/USDT : When to buy ?

Long
BINANCE:SOLUSDT   SOL / TetherUS
BINANCE:SOLUSDT
Hello everyone πŸ˜ƒ

Recently we suggest to buy SOL, around ~$50 and ~$70.
Now it's reaching our last main target, So we expecting a retest on supports levels for a logical correction.

But where can we enjoy the ride again ?
- There are two formed/broken levels that SOL didn't retest them.
- Formed 12H's order block at $91.75 - $96.17
- Broken bullish trendline which has protect the ATH from bulls.

πŸ”° 12H's MA50 is reaching the trendline and swing traders might use it as a retest level to set their bids there.
They would use ( Trend catcher/Catch the wave ) strategy !
πŸ“š Also there is a bearish divergence on RSI , How ever volatility is showing a bullish crossover but you need to be attention on your funds...

So what is my plan ?
- I'll sell 60% of my holding here at mentioned green line, I'll set my bids on H12 and trendline.
- πŸ“Š I'll buy again after a hold above higher line ( If it's happened ).
- πŸ”΄ Any close below trendline will be an invalidation for LONG setups...

Hope you enjoyed our analysis about SOL's possible directionsπŸ™Œ
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Also you can share your opinion with us in comments πŸ˜‰πŸ™‹πŸΌβ€β™‚οΈ

Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades
Trade closed: target reached: 1st target is here !
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