Long

Waiting for breakout of bullish P-Wave on SOLUSD

Major Bullish Signs on SOLUSDT

All the analysis Part is viewable on the Chart.

Investment advice:

I personaly would wait to buy the asset as it did not yet confirm the P-wave direction, these consolidation patterns can go both ways and when they break out they do a good move or a fake-out to further consolidation.
As for now it is possible to scalp the asset when it reaches one of the borders of the formation. Move to a lower timeframe like 5 minutes and long/short the bounce back into the triangle when the trend is obvious on that timeframe. Stop loss is recommended a small distance outside the edge of the triangle.
I will publish the bottom indicator later as it is not as user friendly yet.

Honestcowboy

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Honestcowboy

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