Sol Short Update with Target of 35
This is an update on my previous analysis of Sol, But using my 1hr timeframe chart, which is a little more of a zoomed in picture than my normal daily charts. My first thoughts were we would hit 39, But we got pretty close to that yesterday when we hit the $40 order block. I did anticipate a higher low forming too and we are here now. We still have our lower high structure intact, so I do think there's room to go lower and touch the top of the last bullish order block on the daily timeframe, which is around 34,5-35. Which is my target for exiting my trade. I will then look for a break in structure and enter a long to the 50s.
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