SOL is currently trading within a falling wedge pattern after making a new All-Time High. The price is consolidating between the $189.89 support level and the $207 resistance level. A confirmed breakout above the falling wedge and resistance at $207 could push the price towards the next resistance zone, marked in green, between $218.76 and $223.12.
If SOL tests the support at $189.89, followed by a bullish Internal Change of Character (I-CHoCH), this would present a high-probability, low-risk entry. If momentum continue, SOL could rise to new highs.
However, if SOL breaks down and closes below the support zone (Yellow) between $174.28 and $177.23, the bullish setup would be invalidated. In this case, it’s best to remain patient and wait for clearer price action before considering an entry.
If SOL tests the support at $189.89, followed by a bullish Internal Change of Character (I-CHoCH), this would present a high-probability, low-risk entry. If momentum continue, SOL could rise to new highs.
However, if SOL breaks down and closes below the support zone (Yellow) between $174.28 and $177.23, the bullish setup would be invalidated. In this case, it’s best to remain patient and wait for clearer price action before considering an entry.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.