If you take a medium-term look at the Solana chart (4-hour or daily), you'll see a very impressive flag formation. Flag formations are usually indicative of an upcoming upward movement, with the condition that our flag's upper resistance needs to be broken for the rise to occur. In this chart, you can observe two different buying approaches. The first way is to make a purchase when the flag is broken, or as a second approach, you can wait a bit longer and buy when it reaches the range of 77 to 78. There is no reason to buy at the current level. Please be patient; money will come to you eventually. Good day and profitable trading.
Comment:
Solana's price, after pulling back to the levels we expected and experiencing a nice bounce, returned to the channel resistance. If you haven't entered yet, please avoid buying from the resistance zone and consider entering from safer levels
Trade closed: target reached