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Altsignals
Sep 20, 2021 12:57 PM

SOL - Break or Bounce  

SOL / TetherUSBinance

Description

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.
Comments
minouchpf
exactly great job bro
CryptoObi
I hope it will bounce, but have some issue with the pivot around 110-130. I'm still holding my longs with a hedge!
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