Hi there,
Solana looks bullish on the 2-hour timeframe. There is a possibility of a retracement, but if the price falls below the 154.324 level, the setup will be invalidated.
For now, the price appears to be heading up toward the 191.249 level, aiming for a target of 209.887.
The low point at 170.481 maintains bullish pressure, supported by the 164.271 level, which boosts the chances of a higher high.
However, it will require monitoring due to the indicator reaching overbought regions.
Happy trading,
K.
Not trading advice
Solana looks bullish on the 2-hour timeframe. There is a possibility of a retracement, but if the price falls below the 154.324 level, the setup will be invalidated.
For now, the price appears to be heading up toward the 191.249 level, aiming for a target of 209.887.
The low point at 170.481 maintains bullish pressure, supported by the 164.271 level, which boosts the chances of a higher high.
However, it will require monitoring due to the indicator reaching overbought regions.
Happy trading,
K.
Not trading advice
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.
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.