TheSpringHunter

SOL, possible bullish Spring setup, AB=CD on raising volume

Long
COINBASE:SOLUSD   Solana
Solana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis).

Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move.

Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout.

We hope for a test of the previous high and a runner.

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