SOLANA Bull Flag Chart Analysis

14 apr 2023

SOL/USDT Technical Analysis: Bullish Flag Breakout and Potential for 100% Growth

SOL/USDT is currently trading at $24.20, and after the recent breakout of a bullish flag pattern, the cryptocurrency is in a bullish mode. The analyst had already given an entry around 20, which is already up by 12%.

The analyst predicts that the price may retract to around 21-22, which could be a good entry point. After this retracement, the analyst expects the price to fly towards 30 or 40, which is approximately 100% growth from the breakout level.

Here are the technical analysis details:

Entry: 21-22
Targets: $30/40
Stop Loss: Any 4-hour candle close below $20.50

It's important to remember to manage risk in every trade and to conduct your own research before investing in any coins. This information is not financial advice.

Key Takeaways:

SOL/USDT has broken out of a bullish flag pattern, indicating a bullish mode.
The analyst suggests an entry point of 21-22, with potential targets of 30 or $40.
The stop loss is any 4-hour candle close below $20.50.
Risk management is crucial in every trade, and individual research is recommended.
Conclusion:

SOL/USDT has recently broken out of a bullish flag pattern, and the analyst predicts potential growth of up to 100% from the breakout level. However, it's important to manage risk and conduct individual research before investing. The suggested entry point is 21-22, with potential targets of 30 or 40, and the stop loss is any 4-hour candle close below $20.50.