SOL/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 98.22, 102.28, 105.27.
Key Support Levels: 93.79, 89.35, 86.01.
Daily Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside after posting a double bottom. The market found buyers below the 89.27 USDT mark where a bar with a long wick to the downside has been left showing that there was a sell climax. A move higher is expected in the coming hours.
SOL/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the buyers to break the bearish trend line to the upside after a Wyckoff accumulation phase which led to a move higher. A lower correction has been posted to the bespoke support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 94.15
TP 1 @ 98.22
TP 2 @ 102.28
Stop Loss @ 90.09
Trade Safely 🙂