Technical analysis by Options360 about Symbol SOL: Buy recommendation (12/21/2024)

Solana is at a major support level. SOL/USD tapped it's EMA200 at $175 yesterday. Also, it's currently trading near it's S3 level on the TTCATR indicator set to EMA20 with ATR3. Plus, it's RSI is at 31 oversold. And lastly the $180 zone has acted as a resistance area in March, May and July, so now it has flipped that to a support area.Trade idea:Long = 180Stop = 170Profit = 260I had a cool idea💡. Drop the CA of a new Solana token that you're watching. I'll start in the comment section.Good day to start dca buying Solana today in the 180'sSolana at 183 this afternoon.I sold at 244 and read newsworthy current events for Solana. I bought back in at 244.250 stop held overnight, but 290 take profit executed overnight.Solana is consolidating in an imperfectly formed bull pennant / bull flag. It is crypto so you can't expect a perfectly formed pattern. If there's a breakout then I can see SOL/USD hitting +400. If this quazi bull pattern is broken, then a long Solana trade is invalidated.Solana bullflag pattern thesis still intact.Crypto is rolling over. Stop loss levels are key.