On the 4-hour chart of Solana (SOL), our algorithmic model on August 20 identified a set of conditions favoring the continuation of the upward movement. The starting zone was around $187, where several factors aligned: strengthened buying volume, a breakout from the local range, and the defense of a key support level.
The trade has since unfolded according to the step-by-step management plan: price moved through the intermediate milestones, with profit-taking levels being triggered gradually. At this point, TP4 has been reached, with SOL already trading above $200. The position remains open, as the trend structure continues to hold and no confirmed reversal impulse to the downside has appeared.
The current working range is $198–$201. Holding this zone keeps the door open for continuation toward $205–$208, and potentially testing local highs around $212–$215. A breakdown and close below $198 would shift the focus back to the $194–$192 zone, where the model would reassess the buyer’s strength.
The key idea remains the same: we don’t try to guess direction but follow market structure and probabilities. The algorithm captures conditions where the trend has a statistical advantage, and the TP levels allow us to lock in profits step by step without giving control to emotions.
The trade has since unfolded according to the step-by-step management plan: price moved through the intermediate milestones, with profit-taking levels being triggered gradually. At this point, TP4 has been reached, with SOL already trading above $200. The position remains open, as the trend structure continues to hold and no confirmed reversal impulse to the downside has appeared.
The current working range is $198–$201. Holding this zone keeps the door open for continuation toward $205–$208, and potentially testing local highs around $212–$215. A breakdown and close below $198 would shift the focus back to the $194–$192 zone, where the model would reassess the buyer’s strength.
The key idea remains the same: we don’t try to guess direction but follow market structure and probabilities. The algorithm captures conditions where the trend has a statistical advantage, and the TP levels allow us to lock in profits step by step without giving control to emotions.
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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.
🟣indicator: t.me/CryptoVisionPro_news
🟣Forum: t.me/CryptoVision_Forum
🟣Forum: t.me/CryptoVision_Forum
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.