SOL - Trade update, potentional falling wedge

Quick update from my last post on SOL, after a failed breakout (cut short by BTC) SOL has consolidated into a failing wedge and is pressing now upon a daily support area. Indicators suggest a possible rally, though as per my previous idea a breakdown could see us revisit the support 145 range, which is a value area and global bullish trend of SOL's entire bull run (on log chart)

Will want to see a break upwards confirmed with a close above 200-204 range (and obviously BTC may have a say in this)
I'll be watching the levels of support and resistance as marked in the chart

ความคิดเห็น:

SOL bounced well from the marked area. Short term profit targets would be
TP1: 170 range
TP2: 195 range

Long term hold is good, but another dip from BTC is likely so not a bad idea to take some profit if we hit these targets and potentially reload back at support area