SOL support touched and now ?
SOL had a last move up to the 220$ resistance before consolidating this morning as the whole market is.
I'm still expecting 170$ as a last support to be hold for going into further higher move. I would think that on short term prices will bounce from the support area but will fall again as it's most of the time always do.
Potentially we could see a fake bear breakout below 170$ to trap seller before the prices goes back up.
I surely can be wrong be for now I don't see the prices to bounce hard and go back to bullish trend so keep the plan, be patient and there will be room to go long in the comings days.
I'm still expecting 170$ as a last support to be hold for going into further higher move. I would think that on short term prices will bounce from the support area but will fall again as it's most of the time always do.
Potentially we could see a fake bear breakout below 170$ to trap seller before the prices goes back up.
I surely can be wrong be for now I don't see the prices to bounce hard and go back to bullish trend so keep the plan, be patient and there will be room to go long in the comings days.
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