SOL has seen some incredible gains recently, gaining 100% in 4 green weeks. My most recent SOL signal was a great success, congratulations if you took the trade.
In this analysis we're going to zoom out and take a long-term look. As seen on the chart, SOL has broken out of a bullish inverse head & shoulders pattern.
In my eyes, this could very well be the start of a new bullish phase where SOL will shine.
I'm looking at a long-term target of 200$, stop just below 20$. This gives us an amazing long-term trade with great risk to reward. Consider taking some money off the table around 100$ or so.
Awesome SOLUSDT overview mate, I'm fully agree with you
Esmaeil_trader89
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very good
SpartaBTC
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High probability of reaching the target zone of 80 -120 dollars on the cryptocurrency - sol.
JoeChampion
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Good idea fella!
DigiLex_LLC
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Love this idea! I've been crushing it on SOL lately, just hit a 3500% long the other day. Was crazy! Also had managed to hit a 4000% short when Robinhood de-listed it. I love trading SOL, up or down I don't care just keep it moving!
There's not much that I usually miss when it comes to TA but I had been looking at this like a descending broadening wedge on the weekly, and then another broadening wedge on the right shoulder. I didn't even think about the inverse head and shoulders too, that's a good catch!