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Technical analysis by Neo-Trades about Symbol SOL: Buy recommendation (2/2/2025)

https://sahmeto.com/message/3217189
Neo-Trades
Neo-Trades
Rank: 26604
0.7
Buy،Technical،Neo-Trades

We are likely in a wave 2 orange at the moment as part of a final wave (5) of ((5)). The reason I don't think the ATH at $295 being the top of this cycle is because of the 4 yr cycle for BTC. Historical, the top of the cycle would be atleast Q4 of this year with ETH and SOL having gained multiples over previous cycles' high. Overall, macro environment is still bullish. Current move down is due to this trade war and it's unclear if it will have a long term impact.

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Profit Target:
$295
First Support:
$209
First Resistance:
$260
Price at Publish Time:
$213.87
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