take a look at the way SOL has moved this year. after each period of consolidation, price has rallied HARD (3x-4x).
if i were trading this breakout, i'd take profit in the $230-$250 range (in case we see a top where 2x buying pressure subsides), and let the rest ride.
of course i'm NOT actually trading this because i think there's a lot more room to run before this cycle peaks, and we could see 4-figure prices:
don't forget though that this parabolic growth is not sustainable indefinitely.
if i were trading this breakout, i'd take profit in the $230-$250 range (in case we see a top where 2x buying pressure subsides), and let the rest ride.
of course i'm NOT actually trading this because i think there's a lot more room to run before this cycle peaks, and we could see 4-figure prices:
don't forget though that this parabolic growth is not sustainable indefinitely.
Note
here we go
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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.