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SOL next move could be bullish

Panjang
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BITGET:SOLUSDT.P   SOLUSDTPERP PERPETUAL MIX CONTRACT
Bullish outlook for SOL:

  • Fib levels suggest potential upward movement in a bullish market.
  • Retracement could reach the golden pocket area (marked on chart).
  • SOL already touched key levels within the pocket (0.618 & mid-point).
  • Reaching the top of the golden pocket (115) is a possibility, but not guaranteed.

Trading strategy (bullish scenario):

  • Long entry at golden pocket retracement with stop-loss based on your risk tolerance.
  • Move stop-loss to entry point upon profit, securing initial investment.
  • Gradually book partial profits as price rises.
  • Trail stop-loss upwards throughout the move.

Disclaimer: This is not financial advice, just a potential bullish scenario.
Komen:
Forget the golden pocket, SOL found the rocket ship and ain't looking back.
Penafian

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