Solana has recently broken the ascending channel and we can may now be on a bearish leg. We have 3 major structure levels where we can watch for price action to tell us what is next; either a bounce off structure or a break and retest of structure.
There are 2 ways in which we can trade these structure levels.
Break & Retest For a break and retest trade, watch for price to break a structure level and then retest it. Enter with stops above the structure level and take profit next structure level.
Rejection/Bounce For a structure rejection trade, wait for the bounce and then enter with stops below the structure. Target the next structure level.