SOL: Eyeing $220 Breakout
🔥 FinCaesar's Strategy:
🩸 Long: Above $220, targeting $230 and $250. SOL is currently trading above the 200-day EMA (around $180), indicating a healthy uptrend. The MACD has turned positive, suggesting growing bullish momentum, especially if buying volume remains strong.
🩸 Short: Below $200, aiming for $180 and $170. A decisive move under $200 may signal a deeper retracement toward the 200-day EMA or lower, particularly if the MACD begins to weaken.
🔥 FinCaesar’s Commands:
🩸 Resistance: $220 — A breakout could confirm continuation to higher levels.
🩸 Support: $200 — Losing this level increases the likelihood of a sharper pullback.
Solana has recovered from its recent lows and is showing signs of renewed buying pressure. With price action hovering just under a key resistance zone near $220, bullish traders will look for a confirmed breakout to target $230 or beyond. However, a failure to break above could allow sellers to reassert control, potentially driving the price back to the $200 support level or lower.
👑 "Fortune follows those who can see the trend before it unfolds." — FinCaesar
🩸 Long: Above $220, targeting $230 and $250. SOL is currently trading above the 200-day EMA (around $180), indicating a healthy uptrend. The MACD has turned positive, suggesting growing bullish momentum, especially if buying volume remains strong.
🩸 Short: Below $200, aiming for $180 and $170. A decisive move under $200 may signal a deeper retracement toward the 200-day EMA or lower, particularly if the MACD begins to weaken.
🔥 FinCaesar’s Commands:
🩸 Resistance: $220 — A breakout could confirm continuation to higher levels.
🩸 Support: $200 — Losing this level increases the likelihood of a sharper pullback.
Solana has recovered from its recent lows and is showing signs of renewed buying pressure. With price action hovering just under a key resistance zone near $220, bullish traders will look for a confirmed breakout to target $230 or beyond. However, a failure to break above could allow sellers to reassert control, potentially driving the price back to the $200 support level or lower.
👑 "Fortune follows those who can see the trend before it unfolds." — FinCaesar
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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.
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.