SOL is forming a nice triangle pattern, rsi is holding and rising, volume is reasonable, and I am just watching for a break out at this point. This is not financial advice.
I am playing this with an expectation to the upside, supported by a tight stop loss, no leverage and also while keeping an eye on other macro indicators like DJI, SPY, BTC for any confluence, influence or even divergence.
SOL direction is often dictated by BTC's movement. SOL going up requires BTC to go up or sideways usually, so keep one on BTC at all times. I feel like we could go up a bit here but I have laid out some alternative scenarios as an insurance policy for this wild market. This is not financial advice.
Solana is potentially under a consolidation getting ready for a push up. The bollinger bands are compressed into a ascending triangle with a bounce off 200ma. Remember BTC is the leader. This is not financial advice just a quickly drafted highly speculative chart. Never trade real money ;)
