SOL 1D. Solana Ready for New Highs. 12/18/24
2024-12-18
Category: None

Currently, the price has formed a "descending parallel channel" and is moving within its boundaries.

I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high.

Trade Plan:

EP (Entry Point): $202 - $196
TP (Take Profit): $240 - $260
SL (Stop Loss): $184 - $182
Personal Approach:
I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this!

What you should do is entirely up to you.

DYOR.