Lingrid | SOLUSDT monthly Low FALSE Break. Potential BUY for BINANCE:SOLUSDT by Lingrid

Lingrid | SOLUSDT monthly Low FALSE Break. Potential BUY

The price perfectly fulfilled my previous idea. The market has reached the January low, as I predicted in my previous post. It has also almost touched the November low. I believe the market might bounce off the support level around the 150 level, a significant psychological level, and then move higher. Before the recent drop, the price formed a triangle pattern, which on the weekly timeframe looks like a potential fakey pattern. This pattern suggests a reversal. If the price closes above 175 at the end of this week, there is a high probability of the market moving to higher levels. I expect some consolidation at this support zone before a further upward movement, especially given the fake breakout of the previous month's low. My goal is resistance zone around 200

Lingrid | SOLUSDT possible BULL Trap in the MARKETS

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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Lingrid

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