SOL Breakout Alert! ๐ Bullish Momentum on the Rise!
๐SOL has recently broken out of a resistant zone and a cup and handle pattern, exhibiting a bullish market structure with signs of increasing momentum, as indicated by CHoCH and BOS.
๐Upon retesting the resistant area, it would be prudent to await the formation of stronger bullish candlestick patterns for confirmation. Once confirmed, we can anticipate price targets towards the next resistant zone. In the event of panic selling, a bounce from the Bullish OB can be expected, but confirmation via bullish candlestick patterns is essential.
๐However, if SOLUSDT breaks down below the bullish OB, it would be advisable to wait for clearer price action to form before considering any trading decisions.
๐Upon retesting the resistant area, it would be prudent to await the formation of stronger bullish candlestick patterns for confirmation. Once confirmed, we can anticipate price targets towards the next resistant zone. In the event of panic selling, a bounce from the Bullish OB can be expected, but confirmation via bullish candlestick patterns is essential.
๐However, if SOLUSDT breaks down below the bullish OB, it would be advisable to wait for clearer price action to form before considering any trading decisions.
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Follow a team of traders with 10+ years of experience?
JOIN FREE๐ t.me/+IaNzEzXsdiBlNDg0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV