This is time to pay close attention. We have had a sideways range on SOL for a while. Could be bullish considlation for sure but 25.55 are has been a huge struggle. If we pop above we still need to see a confirmed hold above this level as new support until then shortinf this level can pay out. If we short it we ave to keep stops above 27$ area looking for
Take profits down at the lower range support of 1990-18,90 area.
If we manage to pop 26 and hold above we could start to consider the possibility of this being a breakou howverr as of now the bears have shown to control this level of rowtsnaxe quite well, so although it feels really bullish I’d think that participating in the short of this level could be a better more probably entry vs the long but you have to have your risks managmebt in place in the case that SOl finally breaks and holds this breakout.
Take profits down at the lower range support of 1990-18,90 area.
If we manage to pop 26 and hold above we could start to consider the possibility of this being a breakou howverr as of now the bears have shown to control this level of rowtsnaxe quite well, so although it feels really bullish I’d think that participating in the short of this level could be a better more probably entry vs the long but you have to have your risks managmebt in place in the case that SOl finally breaks and holds this breakout.