SOL 4H RANGE
2025-02-07
Category: None

SOLANA is down -40% from making a new ATH to the bottom of the crash wick @ $175. Looking at the chart, unless BTC decides to gap down again from a TA standpoint SOL looks good here.

A triple tap of the bottom with a reclaim of the bullish orderblock that coincides with the golden pocket zone from local LTF high to low, followed by a strong reaction from that zone. Q1 is historically good for altcoins and so the all of these points added together the R:R at this level is good IMO.

Profit taking through the range quarters.
The idea is invalid once price accepts below the triple tap bottom under $170. 