SOL $260 - Bounce from Support for 26.72% Return

Altcoins, including SOLUSDT, got hit today and tumbled more than 10%. Nevertheless, the situation remains bullish overall. Solana hit support at $204.00 and bounced right off from it. We're currently targeting the last HH (higher high) at $260.00 which could give us up to 26% in return for this trade. Of course, if we break below $204.00 and close the daily candle there the trade would be disqualified.

We are also inside a bullish flag (blue channel) that looks like a healthy consolidation of the former leg up we made during November.

Support Zone:
  • $204.00


Resistance/Target Zone:
  • $260.00


Let me know what you think!
bullflagsbullishpatternChart PatternscryptomarketlongsetupsolanasolanausdtsupportandresistancezonesTrend Analysis

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