SOLANA - On the VERGE of CRITICAL Territory
Updated
It has been trading lower and lower and is now approaching the most important level in this region: $122.
It's hard to predict what will happen once it reaches that level. Both bulls and bears have a strong case to try and take control of that area.
As for me, I will remain neutral in this area unless:
There is a clear retest of $122 followed by a reclaim of the EQLs at $134.
There is a deviation below $122 with a strong reclaim.
Alternatively:
I might consider taking a significant short position below $122.
This level is crucial for bulls if the price is to continue moving higher. September is becoming increasingly interesting.
It's hard to predict what will happen once it reaches that level. Both bulls and bears have a strong case to try and take control of that area.
As for me, I will remain neutral in this area unless:
There is a clear retest of $122 followed by a reclaim of the EQLs at $134.
There is a deviation below $122 with a strong reclaim.
Alternatively:
I might consider taking a significant short position below $122.
This level is crucial for bulls if the price is to continue moving higher. September is becoming increasingly interesting.
Trade active
For anyone looking to go long:
It has finally moved above a key level.
However, I believe it needs to stay above $134 to maintain a bullish outlook.
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