This is Part III of the Solana BOX trade (check previously posted 2 parts about the solana box, both of which reached the targets successfully).
Unlike many other coins (ETH) we are short on, SOL has shown solid strength (quick recovery during dumps) and thus we believe it is on a more negative path here.
However
The Box requires a retest (after all SOL did wick out of it)
We show two scenarios for a potential retest, believing the orange one is more likely: i.e. a 189-190 dollar target and then head upwards from there, leaving the box forever.
Let's see.
Unlike many other coins (ETH) we are short on, SOL has shown solid strength (quick recovery during dumps) and thus we believe it is on a more negative path here.
However
The Box requires a retest (after all SOL did wick out of it)
We show two scenarios for a potential retest, believing the orange one is more likely: i.e. a 189-190 dollar target and then head upwards from there, leaving the box forever.
Let's see.
Trade closed manually
wow, this retest was tiny and quick and didn't even say goodbye to the box....solana is insanely strong
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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.