
stevetambo32
@t_stevetambo32
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stevetambo32

Fed rate cut finally came in as expected with more on the way going forward. All the 401k money is about to flood in to the market and most people are betting on Solana. Ascending triangle breakout fully complete. Going long from here Minimum price target from here is 480-500 zone . SL below 185

stevetambo32

SOL Price hit expected target between 245-250 area. Looks like short term reversal of price is underway as traders take profits. Next area of interest for bulls is $200 support.

stevetambo32


stevetambo32

Solid price breakout as expected from the ascending triangle pattern . Wait for pull back to the $209 resistance before setting up any long positions. Long position target at 250 . Stop loss below the $199 swing low if support is established at $209.

stevetambo32


stevetambo32

Bearish engulfing candlestick formed on 4hr chart. This coincides with BTC's price reversal at 112K. $195 demand zone not looking strong enough . Loos like more downside to $175.

stevetambo32

Price failed to close and hold above 112K. Found strong resistance at the 100 day MA. Not looking good for bulls anymore . Are we ready to see the 90K area again?

stevetambo32


stevetambo32

4HR Demand zone at $196 holds strong . Looks like SOL is ready to take off from here. Minimum target $240.

stevetambo32

Bulls look finished for now with the breakdown of 110K support area. No more hopes for longs. Looks like next area of interest is 92.5K. Long from here or sure .
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