SOLANA: Approach to important support area
Updated
Hi everyone!
Solana's main trend is up in the long term. After completing the bullish structure in the $265 area, SOL triggered an important corrective structure which correctly reached the first support area around 8.50. That said, a consolidation is possible in short term but from a technical point of view, it should be interpreted as an opportunity to take a long position.
NB: Analysis shown is on a logarithmic scale. Trade with care....
đź’– Support our idea with your Like & Comment, thank you! đź’–
Solana's main trend is up in the long term. After completing the bullish structure in the $265 area, SOL triggered an important corrective structure which correctly reached the first support area around 8.50. That said, a consolidation is possible in short term but from a technical point of view, it should be interpreted as an opportunity to take a long position.
NB: Analysis shown is on a logarithmic scale. Trade with care....
đź’– Support our idea with your Like & Comment, thank you! đź’–
Note
Note
A new update is available for supportersTrade closed: target reached
Note
corrective structure in play?Note
đź”´ Bullish consolidation (impulsive structure?)Note
🔴 New Top! 🚀Trade closed: target reached
1
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