SOL - Targeting $300...
2024-12-20
Category: None

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

 📈SOL has been bullish  from a macro perspective, trading within the rising channel in blue.

Currently, SOL is in a correction phase approaching the lower bound of the channel.

Moreover, the $160 zone marked in green is a strong demand!

 📚 As per my trading style: 
As #SOL approaches the green demand zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $300 round number for the next bullish phase.

 📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich