SolanaLong
Solana poised for a resurgence, liquidating late shorts
Updated
After the last call played out perfectly, amidst prevailing bearish sentiment, it's prudent to keep an eye out for a potential technical rebound. This could potentially lead to a test of either the 50-day Simple Moving Average (SMA) at 19.40 or the 100-day SMA at 19.87.
Trade closed: target reached
Having successfully tested the 50-day SMA, we're now approaching the critical 100-day SMA, warranting caution. The potential upside seems capped, around 19.70. Meanwhile, a retest of the 17.70 level (highlighted in the purple box) remains within the realm of possibility.
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