SOLUSDT4H trend chart
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SOL is facing the resistance from downtrend line, and there is a possible inverse Head and Shoulders on 4H.
We can long it after breaking out the downtrend line, the better scenario will be the formation of inverse HS shows.
If price overcomes the downtrend line, trading strategy as below.
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Profit Targets:
a) 96.140----Fib(1)
b) 100.275~101.945----Fib(1.272~1.382)
c) 105.530----Fib(1.618)
d) 111.335----Fib(2)
Stop losses:
a) depend on the timing of breakout
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Disclaimer
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