🔥 SOL Parallel Channel Bounce

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.