SOL Breakout in 4hr time frameSOL breaking with all EMA as a support which is a strong sign and also at .61% Fibonaccigolden ratio.
Take Profit -
36$
38$
40$
Stoploss-33.5$
SOLUSDT trade ideas
SOL ShortThis is just a price analysis using harmonics and not financial advice. So please trade with precaution.
SOLUSDT analysis in 4H time frameAfter breaking it's previous support ( now a resistance ) near 34.8700, solana forms a ascending triangle in 4H time frame. Breakout on the either side can give a healthy move.
💡Don't miss the great buy opportunity in SOLUSD @SolanaTrading 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 support.
. The RSI is at 63.
Take Profits:
TP1= @ 14.80
TP2= @ 15.45
TP3= @ 16.25
TP4= @ 16.95
TP5= @ 18.20
SL= Break below S2
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