Lingrid | SOLUSDT long from the KEY Level

The price SOLUSDT is basically in the consolidation phase after the massive bullish moves. It ranges between 165.00 and 210.00. It formed a ractangle pattern where it is logical to buy at the bottom and sell at the top of the pattern. You can see that the market reacted to the key support level at 170.00. It bounced off several times. If the market breaks through the support level, it might move down to 150.00 –155.00. I expect the price to retest the key level, then move upward, potentially reaching the upper border of the channel. My target is resistance zone around 190.00-192.00


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade closed: target reached:

Price hit the target even though it did not tap the entry area.