On the four-hour chart, SOLUSD has experienced a major decline, but has recently tested the support level at 21.5 twice and confirmed its effectiveness. This has resulted in a strong rebound, indicating a demand for an upward trend and clear bullish signals.
In the short term, the 21.5-22 range presents good buying opportunities, with a final profit target of...
Price has broken through a major resistance area and is now offering us a retracement. We can trade once we get a return to trend move. We like to use the RSI cross MA plus the WAE indicator signal as this combination seems to work nicely.
Solana just broke a downtrend by creating a higher higher and stopping lower high sequence, now we are waiting for a retracement to a demand zone where we should entry a long position/
Entry: 48.26 (Demand zone)
Invalidation: 34.3975 (Below last lower low)
Target: 101.72 (POC)
