SOL/USDT Technical Analysis: Bullish Flag Breakout and Potential for 100% Growth
SOL/USDT is currently trading at $24.20, and after the recent breakout of a bullish flag pattern, the cryptocurrency is in a bullish mode. The analyst had already given an entry around
20, which is already up by 12%.
The analyst predicts that the price may retract to around
21-
22, which could be a good entry point. After this retracement, the analyst expects the price to fly towards 
30 or 
40, which is approximately 100% growth from the breakout level.
Here are the technical analysis details:
Entry:21-22
Targets: $30/40
Stop Loss: Any 4-hour candle close below $20.50
It's important to remember to manage risk in every trade and to conduct your own research before investing in any coins. This information is not financial advice.
Key Takeaways:
SOL/USDT has broken out of a bullish flag pattern, indicating a bullish mode.
The analyst suggests an entry point of21-22, with potential targets of 30 or $40.
The stop loss is any 4-hour candle close below $20.50.
Risk management is crucial in every trade, and individual research is recommended.
Conclusion:
SOL/USDT has recently broken out of a bullish flag pattern, and the analyst predicts potential growth of up to 100% from the breakout level. However, it's important to manage risk and conduct individual research before investing. The suggested entry point is21-22, with potential targets of 30 or 40, and the stop loss is any 4-hour candle close below $20.50.
SOL/USDT is currently trading at $24.20, and after the recent breakout of a bullish flag pattern, the cryptocurrency is in a bullish mode. The analyst had already given an entry around
20, which is already up by 12%.The analyst predicts that the price may retract to around
21-22, which could be a good entry point. After this retracement, the analyst expects the price to fly towards 30 or 40, which is approximately 100% growth from the breakout level.Here are the technical analysis details:
Entry:
21-22Targets: $30/
40Stop Loss: Any 4-hour candle close below $20.50
It's important to remember to manage risk in every trade and to conduct your own research before investing in any coins. This information is not financial advice.
Key Takeaways:
SOL/USDT has broken out of a bullish flag pattern, indicating a bullish mode.
The analyst suggests an entry point of
21-22, with potential targets of 30 or $40.The stop loss is any 4-hour candle close below $20.50.
Risk management is crucial in every trade, and individual research is recommended.
Conclusion:
SOL/USDT has recently broken out of a bullish flag pattern, and the analyst predicts potential growth of up to 100% from the breakout level. However, it's important to manage risk and conduct individual research before investing. The suggested entry point is
21-22, with potential targets of 30 or 40, and the stop loss is any 4-hour candle close below $20.50.
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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.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.