SOL / TetherUSLong
SOL retrace before bounce
waiting for SOL retrace.
Watching 2 levels for a super bullish bounce.
1st level around 210 (previous high) and next 196.
Also confluence with 0.5 and 618 fib retrace levels.
Lower probability of dropping as far as 786 or even back to bottom of ascending channel.
But with this in mind, need to watch reaction of price before entering, and manage risk with good stop losses.
Watching 2 levels for a super bullish bounce.
1st level around 210 (previous high) and next 196.
Also confluence with 0.5 and 618 fib retrace levels.
Lower probability of dropping as far as 786 or even back to bottom of ascending channel.
But with this in mind, need to watch reaction of price before entering, and manage risk with good stop losses.
Telegram: t.me/theNinjasDojo
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