SOL/USD indicating an overall bullish trendChart Pattern and Trend Channel:
The price is moving within an ascending channel, indicating an overall bullish trend.
The channel is marked by parallel trendlines guiding higher highs and higher lows.
Harmonic Pattern:
The labeling of points X, A, B, C, and D suggests a harmonic pattern (possibly a bullish Gartley or Bat pattern).
These patterns are used to predict price reversal zones.
Buy Setup:
There’s a labeled entry zone just below the current price level, indicating a potential buying opportunity if the price pulls back.
A target zone around the $210 area is marked with a green arrow, indicating expected upside potential.
Risk Management:
A red box below the entry zone represents the stop-loss area, showing where the trade would be exited to limit losses if the price moves against the setup.
Indicators:
The Supertrend indicator is displayed (currently showing a buy signal at 162.35), adding confluence to the long (buy) bias.
Current Price:
SOL is trading at $173.87, slightly down by about 2.27% at the time shown.
