SOL / TetherUSLong
🚀SOL Breakout: Potential Bullish Momentum Ahead!
💎 Paradisers, #SOL has broken out of the resistive trendline and formed a cup and handle pattern, increasing the likelihood of a bullish move.
💎 If #SOLUSDT breaks above the resistance zone, it will validate the cup and handle pattern, and we can anticipate a bullish move.
💎 In the event of a pullback, we can expect a bounce from the demand zone, but be cautious in this area, as it could also lead to a sharp decline.
💎 However, if there is a breakdown below the demand zone, it will be considered an invalidation of the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
💎 If #SOLUSDT breaks above the resistance zone, it will validate the cup and handle pattern, and we can anticipate a bullish move.
💎 In the event of a pullback, we can expect a bounce from the demand zone, but be cautious in this area, as it could also lead to a sharp decline.
💎 However, if there is a breakdown below the demand zone, it will be considered an invalidation of the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
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.