SOL/USDT : Breaking below the descending channel!
SOLUSDTHello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
SOL has broken below the descending channel on the current daily candle. So the major movement is expected to be bearish, But there's a formed bullish order-block at the current price level.
That's why we'll need to break below the order-block to confirm both bearish break below the channel and bearish movement as the majority.
- Also, We'll have the opportunity to locate our Short into a proper retest of the broken order-block at $34.00 and aim for May's Low at $20.00!
In other terms, If we get the support for the current order-block, Then it'll activate the pullback scenario towards $58, So it'll come with Possible Long positions, But it's not our main scenario yet!
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Helical_Trades
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