A high % likelihood reversal is taking place at a key range which has the bottom of the previous base fib ext. of 1.618, very similar to BTC, from a macro perspective.
Finding the right entry now is difficult hence try doing the average in approach. Buy now, and if it dips a little more, buy again. Spread your intended funds over 2 or 3, with the 3rd being the breakout from the structure. This is not trading advise. I'm just sharing a methodology where the risk to reward ratio here is high.
All the best.
S.SAri #SOL #SOLANA
Trade active
Short time frame. If it can break this level, we have a better chance to break the structure and confirm reversal.
Comment
Chart progress: nice opportunity on the 1 hrly chart.
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