SOLANA: gives us another chance to get it

26 Jan

hello guys!

Triangle Formation
Top Line of the Triangle: A descending trendline forming the upper boundary of the triangle, showing a gradual decline in lower highs.
Bottom Line of the Triangle: An ascending trendline forming the lower boundary of the triangle, highlighting higher lows, indicating potential consolidation.

Support and Resistance Zones
Support Area: Around $248 to $244, providing strong buying interest as price approached the bottom of the triangle.
Resistance Area: Between $264 to $268, acting as a ceiling where selling pressure is evident.

Flip Area
Located near $223 to $233. This zone was a previous resistance level and has flipped into support, reinforcing the bullish structure below.

Price Expectation
A potential bounce is expected off the bottom trendline of the triangle near $248.
Once price consolidates and breaks above the resistance area at $264–$268, it may surge toward the upper target zone around $277 to $282.

Key Levels to Monitor
Support: $248 to $244
Resistance: $264 to $268
Target Area: $277 to $282

Conclusion
The current market is consolidating within a triangle. A breakout above the resistance area could signal a bullish continuation to higher levels.
If price fails to hold the support, the next significant zone to watch is the FLIP area near $223–$233.

27 Jan

Dagangan ditutup secara manual

As I said:
If the price fails to hold the support, the next significant zone to watch is the FLIP area near $223–$233.

The price failed and the flip area will touch soon!