Technical analysis by FSelim55 about Symbol SOL: Buy recommendation (8/11/2024)

Solana has gained more than 45 % from last fall down that was in 5th August 2024the trend right now is inside the range ( Phase C - Wyckoff Method )The far target is 216 ( Top of the side way range) if the Re-accumulation phase has succeed.SL is 141.46 ( this for me is consider thin stop loss due to the high SOLUSDT volatility of the crypto market) I am Just sharing insights and market trends for learning and growing every day and it is not financial advice.Daily candle (negative) has closed exactly on the selected SL , that may give the chance for more correction up to 130 (0.618 Fib Level)Entered again from 144 The price made a breakout above the white range and back tested on the daily frameStrong Resistance at 160 and formed double top led the price to go down more than 20%