SOL has been bullish from a macro perspective, trading within the rising channel in blue.
Currently, SOL is in a correction phase approaching the lower bound of the channel.
Moreover, the $160 zone marked in green is a strong demand!
๐ As per my trading style:
As #SOL approaches the green demand zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $300 round number for the next bullish phase.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
Trade at your own Risk ๐
Best Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.
