SOLBTC tradeing ideaSOLBTC continues to exhibit bullish momentum, consolidating within a pennant structure, indicative of a potential wave 4 corrective phase in the current Elliott wave cycle.
This continuation pattern provides a strategic framework for positioning, with the anticipated breakout signaling the initiation of wave 5, targeting the final impulse leg. The designated immediate demand zone serves as a critical area for potential re-entry, offering a high-probability accumulation zone should price retrace.
The projected target for the next impulse is outlined on the chart. Share your technical insights on this setup!
