SOL / TetherUSLong
🔥 SOL Ideal Bullish Entry Point: High Risk-Reward Ratio!
Recently I made an analysis on SOL and the bullish triangle it was trading in. I wrote that if we got a confirmed break out through the pattern's resistance, we could expect more upside.
However, we didn't get a break out and SOL reversed from the resistance area.
As of now, SOL is attempting a bounce from the triangle's support. If you're bullish, this is an ideal entry point since it has a high risk to reward ratio.
Best R/R would be to wait for either $50 or $58.5, a more risk averse trader can exit their position around the triangle's resistance.
However, we didn't get a break out and SOL reversed from the resistance area.
As of now, SOL is attempting a bounce from the triangle's support. If you're bullish, this is an ideal entry point since it has a high risk to reward ratio.
Best R/R would be to wait for either $50 or $58.5, a more risk averse trader can exit their position around the triangle's resistance.
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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