SOL
2024-12-24
Category: None

A lot of well known traders are contemplating the idea that SOL MSS has changed. Yes it has changed in the LTF though in the higher time frame, it's still bullish.

A failure to close above the weekly high, trend moved towards the previous lows.

Now there are two possible scenarios.

1. Reclaim the previous low and move towards the previous high

2. Retrace towards the previous lows and sweep the current low and move higher.

I am opting for option 2 but one can trade accordingly