Analysts have identified a potential "cup-and-handle" pattern in SOL's price chart, suggesting a possible rally towards $4,500 if the pattern completes successfully.
REEntry Refinement (15min / 5min TF) Wait for Pullback: Look for price to pull back to the $53.00 – $55.00 zone. Confirmation: Bullish Candlestick Patterns: Hammer, Engulfing, etc. Break of Structure (BOS): Price breaking above a recent lower high. Fair Value Gap (FVG): Identify gaps that price might fill
Price Action & Trend Insights Current Price: Approximately $0.00001382, based on recent data . TradingView Trend Analysis: The price is trading above the 200-period moving average, indicating a potential uptrend. The Ichimoku Cloud is green, and the price is above it, suggesting bullish momentum. However, the MACD indicator is showing bearish signals, which...
Parameter Value Notes Entry Zone $51.00–$51.20 Within 5min OB and FVG Stop Loss $50.70 Below the recent swing low Take Profit 1 $53.30 Previous high / internal liquidity Take Profit 2 $57.00 Daily resistance / external liquidity Take Profit 3 $60.00 Psychological level / extension target Risk-Reward Ratio 1:2 to 1:6 Depending on TP levels
📌 Notes: Wait for confirmation, don’t buy blind at $51.20 – dapat merong bullish break sa micro structure. You can enter via limit order sa OB, or market execution after BOS + retest. Add confluence with MACD crossover or bullish divergence for extra confirmation.
Btc are forming 5WAVE DOWN to fill all the gaps OUCH..