SOL Approaching a Critical Juncture

Been watching SOL chart for quite a while; Another really fun one to trade - it's been holding trend very well over the past couple of weeks. At this point, I'm watching for a reaction nearing the longer term trendline identified in my earlier posts; A strong reaction could give us the bounce necessary for a breakthrough of the ~$47 resistance.

Otherwise, given the printing of HH and HL - somewhat indicative of a rising wedge formation - I'll be looking for a trend breakdown that may send us another leg down to the $35 levels.

TLDR; If line make SOL go boing -LONG | If SOL break line & no boing - SHORT

Yorum:

Stops hit; No boing on line & and break on trend - Short