📉 Downtrend Line: SOL has been following a strong downtrend line, but now the price is consolidating near it and looks close to a potential breakout.
🔁 Fibonacci Support: According to the Fibonacci retracement tool, SOL is currently sitting on a key support zone (you can mention the exact level if you want), which could act as a potential reversal point.
🕯️ Candle Pattern: Today's candle is neutral — neither bullish nor bearish — but the overall structure suggests a possible breakout. Waiting for a confirmation candle would be wise.
📌 Next Move: If the price breaks above the trendline with good volume, a bullish momentum might follow.
⛔ This is not financial advice. Always DYOR (Do Your Own Research).
🔁 Fibonacci Support: According to the Fibonacci retracement tool, SOL is currently sitting on a key support zone (you can mention the exact level if you want), which could act as a potential reversal point.
🕯️ Candle Pattern: Today's candle is neutral — neither bullish nor bearish — but the overall structure suggests a possible breakout. Waiting for a confirmation candle would be wise.
📌 Next Move: If the price breaks above the trendline with good volume, a bullish momentum might follow.
⛔ This is not financial advice. Always DYOR (Do Your Own Research).
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.
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.