By examining the Solana 2-hour chart we can figure out, this coin has the potential to rise.
As you can see, the price collected the liquidity below the old low and had a bullish reaction and respect to the bullish PD Arrays.
So, now we can expect the price respect to the FVG and go for buy-side liquidity.
What you should know: Solana is a blockchain platform that uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
As you can see, the price collected the liquidity below the old low and had a bullish reaction and respect to the bullish PD Arrays.
So, now we can expect the price respect to the FVG and go for buy-side liquidity.
What you should know: Solana is a blockchain platform that uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
Comment:
As I expected, the price moved down, collected the sell-side liquidity, and then rose.
6.4% so far.
6.4% so far.
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Now, it is more possible to price take the sell side liquidity first and then go for the buy side.