#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Solana Just Gained New ATH 219. 05 $.
#2 Solana Is now moving in an ascending parallel channel .
#3 Three Important Supports are:-
Support 1 = Around 152 $
Support 2 = Around 180 $
Support 3( Or may be resistance...
FTX:SOLUSD
Can give good move on either side.
Simple trade setup is mentioned on chart.
Please refer below charts.
If we apply FIB RETRACEMENT on recent uptrend then we can see that it took good support from 61.8% level range.
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (13.36).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
![SOLUSD: Simple Trade Setup | SOLANA | POSITIONAL [crypto]](https://s3.tradingview.com/w/wRMhtUCV_mid.png "Simple Trade Setup | SOLANA | POSITIONAL [crypto]")
