Solana has hit all the targets I shared here weeks ago!
I hope you took some profits. We've reached the third and final target—the March 2024 high. Now, it looks like we're retracing back into the weekly demand zone. I expect a potential bounce from the top of this zone, which aligns with the Fibonacci retracement. From there, we could see price movement toward new all-time highs.
I’ll be watching for lower-time-frame confirmations to enter the trade. Price could wick all the way into the weekly demand and fail to close below, especially if Bitcoin drops impulsively. So, look for confirmations first.
Stop Loss: 153
Target 1: 225
Target 2: 260
I hope you took some profits. We've reached the third and final target—the March 2024 high. Now, it looks like we're retracing back into the weekly demand zone. I expect a potential bounce from the top of this zone, which aligns with the Fibonacci retracement. From there, we could see price movement toward new all-time highs.
I’ll be watching for lower-time-frame confirmations to enter the trade. Price could wick all the way into the weekly demand and fail to close below, especially if Bitcoin drops impulsively. So, look for confirmations first.
Stop Loss: 153
Target 1: 225
Target 2: 260
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