📍 Overview:
SOL has successfully broken out of a major descending trendline that has been acting as resistance since mid-June. Price is now consolidating above that line, forming a tight accumulation zone — a classic pre-breakout setup.
🔍 What I'm Watching:
Price is currently holding within a sideways range (highlighted in purple).
The previous downtrend line may now act as support — I'm watching closely for a retest of that trendline.
Moving averages are curling upward, signaling a shift in trend.
Volume has declined during consolidation — which often precedes a strong move.
📈 Potential Setup:
A breakout from this accumulation box could trigger a strong bullish continuation, possibly toward the next supply zone around $150–$154.
If price breaks down from the box, I’ll look for a trendline retest as a second chance long entry.
SOL has successfully broken out of a major descending trendline that has been acting as resistance since mid-June. Price is now consolidating above that line, forming a tight accumulation zone — a classic pre-breakout setup.
🔍 What I'm Watching:
Price is currently holding within a sideways range (highlighted in purple).
The previous downtrend line may now act as support — I'm watching closely for a retest of that trendline.
Moving averages are curling upward, signaling a shift in trend.
Volume has declined during consolidation — which often precedes a strong move.
📈 Potential Setup:
A breakout from this accumulation box could trigger a strong bullish continuation, possibly toward the next supply zone around $150–$154.
If price breaks down from the box, I’ll look for a trendline retest as a second chance long entry.
DKtrades
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
DKtrades
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.