Will SOLUSDT’s Breakout Trigger the Next Bullish Wave?Yello Paradisers! SOLUSDT has delivered an impressive move, breaking out of a descending channel—commonly referred to as a bull flag in higher timeframes. This formation typically signals continuation after a period of consolidation, where the channel resembles a flag following a strong bullish pole.
💎If SOLUSDT retests the broken resistance zone and forms a bullish I-CHoCH (Internal Change of Character) in lower timeframes, this would significantly increase the probability of a continuation toward the next major resistance levels.
💎Should the market experience panic selling, patience will be crucial. Waiting for the price to reach the key support zone below could offer a potential bounce. However, to confirm this move, look for a bullish I-CHoCH to ensure higher confidence before entering any positions.
💎On the flip side, if SOLUSDT breaks below the support zone and closes a candle beneath it, this would invalidate the bullish scenario. In such a case, stepping back and waiting for a clearer, more favorable price action setup would be the wiser strategy.
Trading in such a dynamic environment requires discipline and adaptability. React to the price action with caution, follow the levels and confirmations discussed, and avoid impulsive decisions. This market rewards patience and precision. Stay focused, and let the opportunities come to you!
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