thecryptochart

CRYPTO #solusdt - Broken out of symmetrical triangle. Get long

Long
BINANCE:SOLUSDT   SOL / TetherUS
#solusdt - Solana has broken out of a symmetrical triangle and is now in an uptrend. Based on the triangle we have a nice target of 58 which is a good 60% return. Everything is lining up. RSI is higher so the buyers are in control and STO is low so the price can have a nice rise. Get long but only with a stop in this ugly market.

RSI has improved from 28 to 44 so selling strength has dried up and buyers are taking over.

Volume - Green volume bars are dominating recent action.

STO has bottomed out so we are primed for another pump.

Current Price 36.80

Target 1 is 58.

Stop loss is 31.50.

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