As we can see, we just broke out from a two touch point trend line resistance, and currently we are approaching the lower line of the trend line support of the triangle which is a good place for a buy, not promising anything here but if we "Successfully" Break the ascending triangle with a good retest, I am expecting 180ish level for solano, but if we break to the downside of this triangle, we can always be invalidated or just take it as a stop loss hunt. Either way, this looks like a very good setup, with a positive sentiment in the crypto market
Note
Update: we got a rejection at 165[white box] marking recent resistance, we can buy back more at 151 level in this retracementNote
Update: We are close to our target level, it's time to start off loading.Note
Update:Target is hit, congratulations everyone
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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.