Solana, a great innovative blockchain with a lot of promised potential.
While each altcoin is oscillating between the confusion of BTC direction and Bull Run, Solana Touched the bottom around 9$ and made a quick reversal of almost 160%.
While fundamentals are being overlooked for SOLANA, this blockchain still has TA on its side.
SOLUSDT made a high of 26.8$ and touched the 0.618 fib level from its bottom... which created a rounded bottom...
we all know what comes after a rounded bottom ...
there I have planned two trades for this. One is short at around 24 25$ to the target of 20 - 18 $ ... and then a long with the target to 33 - 38$ from 18 - 16$ position.
Let us see how this turns out.
While each altcoin is oscillating between the confusion of BTC direction and Bull Run, Solana Touched the bottom around 9$ and made a quick reversal of almost 160%.
While fundamentals are being overlooked for SOLANA, this blockchain still has TA on its side.
SOLUSDT made a high of 26.8$ and touched the 0.618 fib level from its bottom... which created a rounded bottom...
we all know what comes after a rounded bottom ...
there I have planned two trades for this. One is short at around 24 25$ to the target of 20 - 18 $ ... and then a long with the target to 33 - 38$ from 18 - 16$ position.
Let us see how this turns out.
Trade active
Short Trade full target reached
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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.
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.