Hey everyone
Today i show you my SOL Daily Chart Analysis.
Solana was in a big downtrend since the all time high but it recently broke out a important resistance but now is stuck in another triangle as you can see on the chart.
I expect a small pullback to the 82$-75$ area before bouncing and breaking out again and then finally pumping until the 116$-121$ resistance. If SOL fails to hold the Support Box at 82$-75$ i expect it to dump until at least 60$ or even down to 40$ area.
What are the important areas?
- Support Box 82$-75$ + Pattern breakout
- Resistance Box 116$-121$
Can you trade this?
- Yes. You can long SOL from 82$-75$ with a Stop Loss below the Support Box
- You can short SOL from 116$-121$ with a Stop Loss above the Resistance Box
- You can short SOL when it breaks down 82$-75$ Box with confirmed close
I hope you guys like my idea
Today i show you my SOL Daily Chart Analysis.
Solana was in a big downtrend since the all time high but it recently broke out a important resistance but now is stuck in another triangle as you can see on the chart.
I expect a small pullback to the 82$-75$ area before bouncing and breaking out again and then finally pumping until the 116$-121$ resistance. If SOL fails to hold the Support Box at 82$-75$ i expect it to dump until at least 60$ or even down to 40$ area.
What are the important areas?
- Support Box 82$-75$ + Pattern breakout
- Resistance Box 116$-121$
Can you trade this?
- Yes. You can long SOL from 82$-75$ with a Stop Loss below the Support Box
- You can short SOL from 116$-121$ with a Stop Loss above the Resistance Box
- You can short SOL when it breaks down 82$-75$ Box with confirmed close
I hope you guys like my idea