SOL/USDT : When to buy ?
Updated
SOLUSDTHello everyone 😃
Recently we suggest to buy SOL, around ~$50 and ~$70.
Now it's reaching our last main target, So we expecting a retest on supports levels for a logical correction.
But where can we enjoy the ride again ?
- There are two formed/broken levels that SOL didn't retest them.
- Formed 12H's order block at $91.75 - $96.17
- Broken bullish trendline which has protect the ATH from bulls.
🔰 12H's MA50 is reaching the trendline and swing traders might use it as a retest level to set their bids there.
They would use ( Trend catcher/Catch the wave ) strategy !
📚 Also there is a bearish divergence on RSI, How ever volatility is showing a bullish crossover but you need to be attention on your funds...
So what is my plan ?
- I'll sell 60% of my holding here at mentioned green line, I'll set my bids on H12 and trendline.
- 📊 I'll buy again after a hold above higher line ( If it's happened ).
- 🔴 Any close below trendline will be an invalidation for LONG setups...
Hope you enjoyed our analysis about SOL's possible directions🙌
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Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Trade closed: target reached
1st target is here !
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