Solana recently broke out of a descending trend and is now within a correction, leading towards double bottom. In our last analysis, we had 2 possible structures for retest and it appears the double bottom structure is where we'll retest. This would be a great place to look for possible Buy opportunities.
The trade idea is very simple.
Trade Idea:
- Watch for bullish price action at double bottom and enter
- If we break out early, watch for the red descending trendline to break and enter
- stops should be below the structure level
- Targets: 140, 200, 250, HODL
What do you guys think?
Trade safe.
The trade idea is very simple.
Trade Idea:
- Watch for bullish price action at double bottom and enter
- If we break out early, watch for the red descending trendline to break and enter
- stops should be below the structure level
- Targets: 140, 200, 250, HODL
What do you guys think?
Trade safe.
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