SOL has seen massive price movements yesterday, coupled up with massive whale activity (see whale alert)Looking at technicals.
Weekly to Daily Timeframe: A clear up trend
On the 4 hour, we are seeing retracements (Liquidity grab) nearing the weekly S&R.
1) I am looking at a resist turned support, with breakout on 106.58 (1 hour timeframe to place scalp entries)
2) If candles break below 97.90 and forms resist on 93.70, i will place shorts till 80.70
On the overall however, Solana Dev community has been working tirelessly, creating amazing stuff. Im personally bullish about Solana and will HODL the coins till SOL - breaks 1000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.