Solana recently broke out of a descending trend and is now within a correction, leading towards double bottom. In our last analysis, we had 2 possible structures for retest and it appears the double bottom structure is where we'll retest. This would be a great place to look for possible Buy opportunities.
The trade idea is very simple.
Trade Idea:
- Watch for bullish price action at double bottom and enter
- If we break out early, watch for the red descending trendline to break and enter
- stops should be below the structure level
- Targets: 140, 200, 250, HODL
What do you guys think?
Trade safe.
The trade idea is very simple.
Trade Idea:
- Watch for bullish price action at double bottom and enter
- If we break out early, watch for the red descending trendline to break and enter
- stops should be below the structure level
- Targets: 140, 200, 250, HODL
What do you guys think?
Trade safe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.