📍 Overview:
SOL has successfully broken out of a major descending trendline that has been acting as resistance since mid-June. Price is now consolidating above that line, forming a tight accumulation zone — a classic pre-breakout setup.
🔍 What I'm Watching:
Price is currently holding within a sideways range (highlighted in purple).
The previous downtrend line may now act as support — I'm watching closely for a retest of that trendline.
Moving averages are curling upward, signaling a shift in trend.
Volume has declined during consolidation — which often precedes a strong move.
📈 Potential Setup:
A breakout from this accumulation box could trigger a strong bullish continuation, possibly toward the next supply zone around $150–$154.
If price breaks down from the box, I’ll look for a trendline retest as a second chance long entry.
SOL has successfully broken out of a major descending trendline that has been acting as resistance since mid-June. Price is now consolidating above that line, forming a tight accumulation zone — a classic pre-breakout setup.
🔍 What I'm Watching:
Price is currently holding within a sideways range (highlighted in purple).
The previous downtrend line may now act as support — I'm watching closely for a retest of that trendline.
Moving averages are curling upward, signaling a shift in trend.
Volume has declined during consolidation — which often precedes a strong move.
📈 Potential Setup:
A breakout from this accumulation box could trigger a strong bullish continuation, possibly toward the next supply zone around $150–$154.
If price breaks down from the box, I’ll look for a trendline retest as a second chance long entry.
DKtrades
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
DKtrades
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.