Squtubali

SOL next move could be bullish

Long
Squtubali Updated   
BITGET:SOLUSDT.P   SOLUSDTPERP PERPETUAL MIX CONTRACT
Bullish outlook for SOL:

  • Fib levels suggest potential upward movement in a bullish market.
  • Retracement could reach the golden pocket area (marked on chart).
  • SOL already touched key levels within the pocket (0.618 & mid-point).
  • Reaching the top of the golden pocket (115) is a possibility, but not guaranteed.

Trading strategy (bullish scenario):

  • Long entry at golden pocket retracement with stop-loss based on your risk tolerance.
  • Move stop-loss to entry point upon profit, securing initial investment.
  • Gradually book partial profits as price rises.
  • Trail stop-loss upwards throughout the move.

Disclaimer: This is not financial advice, just a potential bullish scenario.
Comment:
Forget the golden pocket, SOL found the rocket ship and ain't looking back.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.