SOL - Buying the Retest Like a Sniper!

SOL remains overall bullish, trading within a clean ascending channel and currently retesting the support zone that has acted as both resistance and support in the past.

This zone also aligns perfectly with the lower blue trendline, creating a strong area of confluence.

As long as this intersection holds, SOL is likely to rebound from here. I’ll be looking for bullish rejections or reversal patterns around the current zone to enter long positions, aiming for the next resistance levels near $230 and $260.

However, if the price breaks below the support zone, we could see a deeper correction before buyers regain control.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr