Solana (SOLUSDT) is currently in a Consolidation Phase within a Parallel Channel Trend Line, indicating a potential breakout or further downside movement. Smart traders should watch for a retest entry zone between $141.30 - $144.90 before making a move.
Market Insights: Consolidation suggests market indecision—wait for confirmation! A breakdown below $133.90 could trigger strong bearish momentum. If bulls regain strength, we might see a retest of higher resistance zones.
Risk Management is Key! Always control your stop loss Stick to your strategy Manage position sizing wisely
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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.