Solar Coin ($SOLAR): Short term Bullish Setup

1 Nis 2023

From a technical point of view, this altcoin could remain interesting in short term, that said, if we look at the daily chart, SXP could develop a bullish impulse structure (12345). This setup is very simple, wait for pullback in support area to try to take long position with stop loss below the support (daily close).

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N.B.: Updates will follow below

2 Nis 2023

Not

setup area update

3 Nis 2023

Not

4 Nis 2023

Not

We also reached the TP2 area without triggering a corrective structure (intraday pullback only) so now the risk of taking a long position is very high, so either we reduce the size or we stay out.