đSOL has been bullish from a macro perspective, trading within the rising channel in blue.
Currently, SOL is in a correction phase approaching the lower bound of the channel.
Moreover, the $160 zone marked in green is a strong demand!
đ As per my trading style:
As #SOL approaches the green demand zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $300 round number for the next bullish phase.
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
đšđš
đKeep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! đđž
Binance Square Family...â€ïžâđ„â€ïžâđ„
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
I appreciate your support!
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