Mirror, Mirror, on the Wall; Who’s the Fastest of Them All?

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

🪞"Mirror, mirror on the chain, which L1 is fast and reigns?"
🔮 Solana: The fairest of them all! ⚡️🚀

📈After rejecting the upper bound of its channel, SOL has been in a correction phase and it is currently nearing the lower bound of the channel.

Moreover, the $175 - $190 zone is a strong support and structure.

🏹 Thus, the highlighted blue arrow zone is a strong area to look for buy setups as it is the intersection of support and lower green trendline acting as a non-horizontal support.

📚 As per my trading style:
As #SOL approaches the intersection zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich