ðSOL: why no one buy this alt? Long setup!
Hi friends! Solana is in a local range as the whole cryptomarket. As you can see it made false breakout after what rose by 26%. This i`m waiting for this time.
We see that the price consolidate above the key level of $37.4 and squeeze above it. Before the price growth, Solana have to break the key level down and make a manipulation with collection liquidity for longs of the big player.
ðThe volume indicator should confirm that a lot of trades are buy and sell in panic their coins. For what? You have to understand that the liquidiy for whale is so important because in such cases he can buy more coins at a discount. Volume should grow as it marked at the chart. Before we see that at each price bottom the volume indicator confirmed a lot of trades and price rebound after that.
When the price return to the trendline it should squeeze and breakout the trendline.
ðĐTargets:
ðķ1. $44-47 - value area, local highs
ðķ2. $50.5-53 - big value area
ðĨRemember about risk and money management to increase your deposit.
ðŧFriends, press the "like"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
We see that the price consolidate above the key level of $37.4 and squeeze above it. Before the price growth, Solana have to break the key level down and make a manipulation with collection liquidity for longs of the big player.
ðThe volume indicator should confirm that a lot of trades are buy and sell in panic their coins. For what? You have to understand that the liquidiy for whale is so important because in such cases he can buy more coins at a discount. Volume should grow as it marked at the chart. Before we see that at each price bottom the volume indicator confirmed a lot of trades and price rebound after that.
When the price return to the trendline it should squeeze and breakout the trendline.
ðĐTargets:
ðķ1. $44-47 - value area, local highs
ðķ2. $50.5-53 - big value area
ðĨRemember about risk and money management to increase your deposit.
ðŧFriends, press the "like"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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