SOL has bounced from the bottom support of the parallel channel. With BTC showing strength, SOL can very easily see some strong growth from this point.
With a stop below the most recent lows we can construct a trade with a very decent R/R ratio of 5.5. A more bullish bet would be to wait for the price to touch the top resistance of the channel.
I chose to keep the target a bit closer due to the Bitcoin ETF and the corresponding volatility.
With a stop below the most recent lows we can construct a trade with a very decent R/R ratio of 5.5. A more bullish bet would be to wait for the price to touch the top resistance of the channel.
I chose to keep the target a bit closer due to the Bitcoin ETF and the corresponding volatility.
đŻOfficial Channel: t.me/FieryTradingChannel
đTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
â Monster Signals: t.me/monster_cryptosignals
đ„Premium Signals: www.fierytrading.com
đTry my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
â Monster Signals: t.me/monster_cryptosignals
đ„Premium Signals: www.fierytrading.com
