SOL 4H RANGE
SOLANA is down -40% from making a new ATH to the bottom of the crash wick @ $175. Looking at the chart, unless BTC decides to gap down again from a TA standpoint SOL looks good here.
A triple tap of the bottom with a reclaim of the bullish orderblock that coincides with the golden pocket zone from local LTF high to low, followed by a strong reaction from that zone. Q1 is historically good for altcoins and so the all of these points added together the R:R at this level is good IMO.
Profit taking through the range quarters.
The idea is invalid once price accepts below the triple tap bottom under $170.
A triple tap of the bottom with a reclaim of the bullish orderblock that coincides with the golden pocket zone from local LTF high to low, followed by a strong reaction from that zone. Q1 is historically good for altcoins and so the all of these points added together the R:R at this level is good IMO.
Profit taking through the range quarters.
The idea is invalid once price accepts below the triple tap bottom under $170.
Note
Back to the golden pocket + bullish orderblock.
The chop continues
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.