SOL What to expect from here!Sol is approaching crucial support at $75, if it doesn’t hold, sol is very likely crash at $40. As you can see in the chart there is nothing between $75 – 40 to stop the fall; only a minor support around $67.5.
• If you are looking for (short term) longs wait for a rejection at $75.36 and a bullish confirmation candle.
Stop loss: below $75.36
Take profit: at the POC $101.5 or at $115
• If you’re looking for shorts wait for a clean break and a test of the $75
• For a “safe” short but with higher risk (stop loss above 75.36) wait for the price to flip minor support.
PAY ATTENTION a short below $67.5 gives you an R/R below 2 or slightly above.
A long-term bullish confirmation will come when SOL clean $150.
Generally, in these market conditions, it isn’t suggested to take any trade, neither short or long.
Thanks for reading this!
Remember investing is a probability game.
Not a financial advice. Always do your own research.
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