SOLUSDT SYMMETRICAL TRIANGLE , POSSIBLE BREAKOUT ?
Updated
Hello Traders!
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- Checking SOL on 1D HTF it broked below the 20-day EMA 36$ on July 11 and has dropped to the support line of the symmetrical triangle pattern. The price is reaching close to the apex of the triangle, indicating the possibility of a
breakout within the next few days.
- If the price drops below the support line, it will indicate that sellers are pushing the price lower indicating that they have an edge on buyers then price will drop to 30$ and later on to the critical support at 26$
- For the moment i would like to see buyers pushing and defending the support line of the symmetrical triangle and taking the price higher towards level 36$-39$ then a breakout of the symmetrical triangle could be possible and it will
suggest that buyers have the steam to push forward towards the next resistance zone of 43$ , otherwise as we speak a breakout below support line is possible as well.
Good Luck Traders!
Trade closed: target reached
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