๐SOL is supported by the whales๐! Is $50 the next target?
Hi friends! As we all can see at the volume indcator the whales is continuing accumulate SOL. The volume is always growth at the bottom and it`s confirmโ
our thoughts.
Now the SOL is trying to break down the value area which is not good for the growth because the $38-42 value area become the resistance. Also the price can fall to closest trendline and test it for the 3rd time. After this i expect the false breakout and the pump to the new targets.
๐Preconditions to open a long:
๐ฅfalse breakout of the bottom trendline - this is a trap for both short and long traders which become the fuel๐ฅfor the growth
๐ฅvolume growth - confirmโ that whales buy enough SOL for them
๐ฅsqueeze to the trendline
๐ฅbullish BTC help reach the targets for SOL much faster
๐The targets are again the closest value areas:
1๏ธโฃ $49-52.6 - the closest value area and even number which is always become the resistance and support after the breakout
2๏ธโฃ $59 - key level
๐ฉWill SOL become the top gainer of the next bull market as it was in 2021 or it fall lower because of the blockchain troubles? Write in the comment your thoughts!
๐ปFriends, press the "like"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.
Now the SOL is trying to break down the value area which is not good for the growth because the $38-42 value area become the resistance. Also the price can fall to closest trendline and test it for the 3rd time. After this i expect the false breakout and the pump to the new targets.
๐Preconditions to open a long:
๐ฅfalse breakout of the bottom trendline - this is a trap for both short and long traders which become the fuel๐ฅfor the growth
๐ฅvolume growth - confirmโ that whales buy enough SOL for them
๐ฅsqueeze to the trendline
๐ฅbullish BTC help reach the targets for SOL much faster
๐The targets are again the closest value areas:
1๏ธโฃ $49-52.6 - the closest value area and even number which is always become the resistance and support after the breakout
2๏ธโฃ $59 - key level
๐ฉWill SOL become the top gainer of the next bull market as it was in 2021 or it fall lower because of the blockchain troubles? Write in the comment your thoughts!
๐ปFriends, press the "like"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.
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๐ทTelegram ๐ t.me/+ICrmLIneDmRiYjIy
๐ทYouTube ๐ bit.ly/YouTube__Lessons
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