SOL is at a critical place right now where we have a break or bounce scenario. If price can push up from here, we can possibly see price reach the highs once again or even higher.
However, if price breaks the major trendline, we could see SOL topple back down to atleast the 65 level.
LONG: Wait for price to break the lower timeframe descending trendline and enter with stops below the recent lows
SHORT: Wait for price to break the major trendline and enter on a retest of the structure or a bear flag.
However, if price breaks the major trendline, we could see SOL topple back down to atleast the 65 level.
LONG: Wait for price to break the lower timeframe descending trendline and enter with stops below the recent lows
SHORT: Wait for price to break the major trendline and enter on a retest of the structure or a bear flag.