Hello all. Looking at Solana on a daily chart we can see sol perfectly trading in this uprising channel. As the entire market is taking a reasonable correction the plan is to wait and hit the 50 EMA which is also our support level at $190-$200.
Entry at 50 EMA will guarantee a 60% to 65% profitable trade if we hit the 1.6 fib level which also puts us at the top channel line. RSI also remains in the oversold territory which is another bullish indicator. Thanks for reading. Enjoy.
Entry at 50 EMA will guarantee a 60% to 65% profitable trade if we hit the 1.6 fib level which also puts us at the top channel line. RSI also remains in the oversold territory which is another bullish indicator. Thanks for reading. Enjoy.