'market structure shift' finally happened to Solana, or at least we can hope for it! The previous lower high is broken and we closed a 4h candle above that level, that is msb! (although I preferred a daily close!)
but, the low time frame support has broken down last night and now we are heading towards that order block above for a bearish retest! (if you are not familiar with order blocks, you find a link that explains it to you at the end of this article.)
My speculation - because of the market structure shift, my bias is more bullish than bearish - short-term move should be bearish toward the 12hr demand - that is also our next and most important support, price should make a higher low there! - any opportunity for short setups will be provided at the order block, wait to see how PA develops there!
I give you two ideas, 1 short set up at the OB and 1 long set up at the demand any questions you have, ask me in the comment section <3 don't forget to hit the like button xoxo
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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.