Overview:
The
SOLUSD price is moving within a steady ascending channel. Currently, the asset is near the midline, and the trader faces a choice:
📌 Enter a long position now or
📌 Wait for a pullback to the lower channel boundary (~150–153) for a more optimal entry point.
Technical Setup:
• 🔵 Ascending channel has held since April.
• 🔴 Price is near the lower Bollinger Band.
• 🧭 Stochastic oscillator is in the overbought zone, but may indicate a reversal impulse.
Scenario 1 — Long from current levels:
• Entry: 163–164
• Stop: below 157
• Target: 180 / 200+
Scenario 2 — Wait for pullback:
• Entry: 150–152 (near channel support)
• Stop: <147
• Target: 170 / 190+
📌 The decision depends on your patience and strategy:
— Don’t want to miss the move? Consider partial entry now.
— Prefer a better risk/reward ratio? Wait for the dip.
The
SOLUSD price is moving within a steady ascending channel. Currently, the asset is near the midline, and the trader faces a choice:📌 Enter a long position now or
📌 Wait for a pullback to the lower channel boundary (~150–153) for a more optimal entry point.
Technical Setup:
• 🔵 Ascending channel has held since April.
• 🔴 Price is near the lower Bollinger Band.
• 🧭 Stochastic oscillator is in the overbought zone, but may indicate a reversal impulse.
Scenario 1 — Long from current levels:
• Entry: 163–164
• Stop: below 157
• Target: 180 / 200+
Scenario 2 — Wait for pullback:
• Entry: 150–152 (near channel support)
• Stop: <147
• Target: 170 / 190+
📌 The decision depends on your patience and strategy:
— Don’t want to miss the move? Consider partial entry now.
— Prefer a better risk/reward ratio? Wait for the dip.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.