Hey Traders 🐺
Solana’s price action is currently moving within a large symmetrical triangle, which in my opinion is great news — these patterns often give us clean and predictable movements.
Let’s take a look at the two most likely scenarios:
Scenario 1: Inverse Head & Shoulders (Daily TF)
In this case, price could attempt a breakout, retest the triangle support, and reclaim the daily horizontal support — setting the stage for bullish continuation.
Scenario 2: Consolidation Before Breakout
This one seems more probable. I’m expecting a consolidation phase inside the triangle before a true breakout. A classic liquidity grab and shakeout might occur first — washing out weak hands before the actual move.
I’ll talk about potential price targets and invalidation levels in my next idea, as it’s still early to finalize that.
Make sure to follow for real-time updates, and as always:
🐺 Discipline is rarely enjoyable, but almost always profitable.
KIU_COIN
Solana’s price action is currently moving within a large symmetrical triangle, which in my opinion is great news — these patterns often give us clean and predictable movements.
Let’s take a look at the two most likely scenarios:
Scenario 1: Inverse Head & Shoulders (Daily TF)
In this case, price could attempt a breakout, retest the triangle support, and reclaim the daily horizontal support — setting the stage for bullish continuation.
Scenario 2: Consolidation Before Breakout
This one seems more probable. I’m expecting a consolidation phase inside the triangle before a true breakout. A classic liquidity grab and shakeout might occur first — washing out weak hands before the actual move.
I’ll talk about potential price targets and invalidation levels in my next idea, as it’s still early to finalize that.
Make sure to follow for real-time updates, and as always:
🐺 Discipline is rarely enjoyable, but almost always profitable.
KIU_COIN
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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.
Related publications
Disclaimer
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.