SOLANA, RECHARGEMENT ZONE! Over the last 3 weeks, SOLANA has fallen by around 25%.
While most people are panicking, all you have to do is look at the HTF chart to see what's going on.
We are back precisely on the 0.62 Fibonacci retracement, recovering an Order Block present in 1D but also in H4.
So I have a bullish view on SOLANA and I think we've reached the bottom.
So, as you can see, this retracement is rather healthy and necessary to continue its bullish rally! 🚀
I'm therefore going to favour buying on SOLANA, with the BOS (at $189) as my first target, and then the high of this cycle at $209!
Feel free to subscribe and put a boost on this post if you enjoyed my analysis.
Happy trading and have a good weekend :)