Solana Spike at Support

Today on social media I was asked "what cryptocurrencies can be used to mint NFTs other than Ethereum". Solana is the second most popular.

I was checking Solana SOLUSD on the daily and I do see a spike trade setup on that timeframe. I wondered why it did not fire in alerts and it is because the ATR Clearance is below the threshold (70%) so it is not one I would trade by my qualification rules. SOLUSD spike is happening at what looks like a support for now. The good reward/risk trade was long from 86.27. If it breaks the stop level... that's bad... so you know where you're wrong and price could fall into the uncanny valley of risk.

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Primary Target reached, posted