Hello everyone, let's discuss and plan the SOLUSTD strategy with me!
SOLUSDT trading strategy:
Overall, SOLUSDT is currently facing resistance at 195.00. At the same time, a significant ascending triangle forms. Theoretically, the price should break the resistance, which would create a false break at the 195.00 level.
On H1, the resistance level 195.00-195.00 has formed and the price has been pressing here for several hours, which increases the possibility of breaking the resistance level. But! If sellers hold this zone, it is expected that the market may test the bullish channel touch zone and retest the 34.89 EMA at 179.80 before moving further.
I expect a correction after the false break of 195.00. Consolidation above this level would confirm that the market is ready for further gains.
Strategy 1 buy when the price drops to the 179.50 area. Strategy 2 buys on a breakout and consolidates above this level