Solana is at a very interesting level. We have 3 confluences supporting the long idea:
1. Structure
2. Fibonacci
3. Ascending channel support.
For confirmation, watch for the red descending trendline to break. For a risk entry, watch for a bounce off the structure and enter with stops below the channel.
Targeting the -0.27 fibonacci which lines up with the channel resistance.
1. Structure
2. Fibonacci
3. Ascending channel support.
For confirmation, watch for the red descending trendline to break. For a risk entry, watch for a bounce off the structure and enter with stops below the channel.
Targeting the -0.27 fibonacci which lines up with the channel resistance.