SOL / TetherUSLong
SOL $260 - Bounce from Support for 26.72% Return
Altcoins, including SOLUSDT, got hit today and tumbled more than 10%. Nevertheless, the situation remains bullish overall. Solana hit support at $204.00 and bounced right off from it. We're currently targeting the last HH (higher high) at $260.00 which could give us up to 26% in return for this trade. Of course, if we break below $204.00 and close the daily candle there the trade would be disqualified.
We are also inside a bullish flag (blue channel) that looks like a healthy consolidation of the former leg up we made during November.
Support Zone:
Resistance/Target Zone:
Let me know what you think!
SOLUSDT, got hit today and tumbled more than 10%. Nevertheless, the situation remains bullish overall. Solana hit support at $204.00 and bounced right off from it. We're currently targeting the last HH (higher high) at $260.00 which could give us up to 26% in return for this trade. Of course, if we break below $204.00 and close the daily candle there the trade would be disqualified.We are also inside a bullish flag (blue channel) that looks like a healthy consolidation of the former leg up we made during November.
Support Zone:
- $204.00
Resistance/Target Zone:
- $260.00
Let me know what you think!
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