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Technical analysis by Trade_Hive_Signals about Symbol SOL: Buy recommendation (16 hour ago)

https://sahmeto.com/message/3698685
Trade_Hive_Signals
Trade_Hive_Signals
Rank: 4541
1.7
Buy،Technical،Trade_Hive_Signals

General background and conclusions Solana is showing a pre-split state - neutral with an upward slope, holding above MA-200 and receiving confirmation from structural patterns. Technical signals point to the importance of the $188 level: its breakout will open the way to $200-206 and potentially to $247. In the short term, growth to $180 is possible if the direction is confirmed. In the absence of volumes and strength, a downward movement to the lower support of $160 and further is possible. Recommendations Strategy "buy on breakout": entry at the close and holding above $188 with a target of $200-206. Alternative: buy on dip to $160 in case of a technical rebound. Stop loss: it is reasonable to place it just below $160. Additional monitoring: It is important to monitor the dynamics of volumes, price behavior around $188, as well as the development of fundamental drivers (ETF, Firedancer, etc.) in order to clarify the movement scenario.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$200
Stop Loss Price
$160
Price at Publish Time:
$183.44
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