Solana (
SOLUSDT
) performed well over the last weeks, and now it's in a correction phase. With Bitcoin's downward movements, it dropped a lot. However, it seems like the correction phase is near to the end. According to my Gann Square analysis, we are currently testing our strongest support and we seem to do well. A small long position can be opened with a TP of $107.8. After this I will evaluate the market's condition and if everything seems OK, I'll expect a quick return to $130 levels.
This is my analysis based on my experience level and shouldn't be taken as a financial advise, ALTHOUGH I've been correct for a lot of times especially about Solana.
Don't forget to comment what you think! Your opinions matter!
SOLUSDT
) performed well over the last weeks, and now it's in a correction phase. With Bitcoin's downward movements, it dropped a lot. However, it seems like the correction phase is near to the end. According to my Gann Square analysis, we are currently testing our strongest support and we seem to do well. A small long position can be opened with a TP of $107.8. After this I will evaluate the market's condition and if everything seems OK, I'll expect a quick return to $130 levels. This is my analysis based on my experience level and shouldn't be taken as a financial advise, ALTHOUGH I've been correct for a lot of times especially about Solana.
Don't forget to comment what you think! Your opinions matter!
Comment:
The support line (orange) seems to be doing extremely well.
Trade active:
Entry: $102
Take Profit 1: 107.23
Take Profit 2: 113.62
Take Profit 3: 123
Last Take Profit: 132
Stop Loss: 99.85
Take Profit 1: 107.23
Take Profit 2: 113.62
Take Profit 3: 123
Last Take Profit: 132
Stop Loss: 99.85