Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SOL has been overall bullish, trading within the rising channel in red.
Currently, SOL is hovering around the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong support zone at 100.0 marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
📚 As per my trading style:
As #SOL is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📉 Of course, unless the 100.0 support is broken downward, then we will expect the bearish correction to start.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich