Hi friends! I think that CPI (inflation in US) data today will show us the trend for at least 1 month. I expect the local manipulation with sl collection and the next move up. The whales will buy enough SOL during this manipulation to push the price higher.
๐ Preconditions to open a long:
๐ฅ whales trap+volume growth
๐ฅ squeeze to the trendline
๐ฅ DOM and Footprint show the pressence of buyer (HUGE BUY ORDERS)
๐ฅ bullish BTC
๐ฉ The volume is the powerfull indicator which can help you to find the place where the most trades did. If this is a bottom, usually it become the best ebtry point to long.
๐ The targets for SOL:
1. $35 - the closest resistance and key level
2. $38-41 - the HUGE value area
3. $48-50 - key levels and local highs. Mid term targets
โ
I reccomend you to book 50% of profit when the price reach the 2nd target.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade