After analyzing SOLUSDT, there are indications that a potential breakout may occur in the near future
However, it's important to note that market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and...
Sol is clearly look long position.
It's 4h time frame and here you can see about support and resistance on Sol usdt pair . And we are waiting for the break out.
LONG SOLANA
Charts making higher lows and inverse descending triangle pattern is being formed. Also, the price is near the horizontal strong resistance line. If breaks out from here then a new zone starts for SOLANA. The trendline for lower lows can be considered a Stop-loss. CMP is lying on the support of 60 EMA and the super trend indicator also recognizes the...
Confirmations
1. Inverse Head and shoulder pattern
2. Breaking and retesting of bearish trendline
#stop loss is below the low of right shoulder
#Target are set with risk reward ratio 1:1 and 1:2
If the below red trend line doesn't break in daily
Then we could test resistance before 22 July
Price could reach 41.75
And if the below major support trend line ( red ) breaks then we could drop to the trend line ( white)
Market is still bearish
But there's some bullishness in a major bearishness .
Market will go down little bit
and SL hit who open position for long then will hit upward movement approx 22.240 - 22.231 and then go down approx 18.580 usdt.
NOTE- all is in USDT pair.
Try long entries when we hit the support (green zone) and wait for confirmation before entering. Analyse the chart, Look at the Fibonacci levels price reversed at 61.8% exactly. We can see the next support was also at the same level.
On 4H as you see after every BOS I marked an POI to captured a good trade. As you see second POI is Mitigate with BIG RED CANDLES. Now it's time for long 1:3 If I booked with loss means if I exit market after touched of SL or price crossed my SL and went DOWN then there is my first POI which I already created.
First HIGH @26.869 with small body and big...
