Technical analysis by ALIHAMID about Symbol SOL: Buy recommendation (5/5/2024)

After posting recent high of 210.18, SOLUSD was under downward trend line. After making double bottom formation and bullish divergence at 4hr and 1 hr time frame, the instrument gave breakout of downward trend line and triangle pattern. After testing back the trend line, it is expected that bulls will get strength. Entry :149.25TP-1: 180.78TP-2: 201.50SL: 125.50TP-1 hit