ðSOL is supported by the whalesð! Is $50 the next target?
Hi friends! As we all can see at the volume indcator the whales is continuing accumulate SOL. The volume is always growth at the bottom and it`s confirmâ
our thoughts.
Now the SOL is trying to break down the value area which is not good for the growth because the $38-42 value area become the resistance. Also the price can fall to closest trendline and test it for the 3rd time. After this i expect the false breakout and the pump to the new targets.
ðPreconditions to open a long:
ðĨfalse breakout of the bottom trendline - this is a trap for both short and long traders which become the fuelðĨfor the growth
ðĨvolume growth - confirmâ that whales buy enough SOL for them
ðĨsqueeze to the trendline
ðĨbullish BTC help reach the targets for SOL much faster
ðThe targets are again the closest value areas:
1ïļâĢ $49-52.6 - the closest value area and even number which is always become the resistance and support after the breakout
2ïļâĢ $59 - key level
ðĐWill SOL become the top gainer of the next bull market as it was in 2021 or it fall lower because of the blockchain troubles? Write in the comment your thoughts!
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.
Now the SOL is trying to break down the value area which is not good for the growth because the $38-42 value area become the resistance. Also the price can fall to closest trendline and test it for the 3rd time. After this i expect the false breakout and the pump to the new targets.
ðPreconditions to open a long:
ðĨfalse breakout of the bottom trendline - this is a trap for both short and long traders which become the fuelðĨfor the growth
ðĨvolume growth - confirmâ that whales buy enough SOL for them
ðĨsqueeze to the trendline
ðĨbullish BTC help reach the targets for SOL much faster
ðThe targets are again the closest value areas:
1ïļâĢ $49-52.6 - the closest value area and even number which is always become the resistance and support after the breakout
2ïļâĢ $59 - key level
ðĐWill SOL become the top gainer of the next bull market as it was in 2021 or it fall lower because of the blockchain troubles? Write in the comment your thoughts!
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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