SOL continue to fall !?
SOL has a descending triangle (or reversal cup handle). With the low point of 12.20 and the high point of 19.44, it can be seen that the price fell back to the low point of 12.20 after stepping back to 14.97 (0.618).
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Empty order strategy:
Entry price: around 12.20.
Stop loss price: 15.00.
Take profit price: 9.43, 8.58, 7.73, 4.96.
4.96 is the target price of the descending triangle, but it should be noted that 7.52-7.73 is a strong support range. SOL has the opportunity to get strong support here, and the rebound of the price may cause profit taking.
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Empty order strategy:
Entry price: around 12.20.
Stop loss price: 15.00.
Take profit price: 9.43, 8.58, 7.73, 4.96.
4.96 is the target price of the descending triangle, but it should be noted that 7.52-7.73 is a strong support range. SOL has the opportunity to get strong support here, and the rebound of the price may cause profit taking.
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