COIN NAME : #SOL/USDT
SIGNAL TYPE : LONG
The chart displays SOL/USDT price action forming a symmetrical triangle 📐, a consolidation pattern signaling potential breakout. The price recently tested the support zone 💚 (green area), reinforcing this level as a strong base around $200. A breakout above the triangle's upper boundary suggests bullish momentum 📈. With RSI near mid-levels (56), momentum supports a possible upward breakout 🚀, but confirm volume for better accuracy. 🧐
I can see chart showcases the crypto total market cap forming a falling wedge pattern 📉, which is a bullish reversal signal. The price action is consolidating within this pattern, and RSI is climbing 📈, suggesting growing bullish momentum.
A breakout above the wedge's resistance would signal a potential upward move 🚀, targeting the next significant resistance level near $1.2T 🟢. The volume profile indicates strong support below $1T (orange line), providing a solid base for upward movement.
If confirmed, this pattern could result in an impressive rally 📊. Traders should monitor the breakout levels and confirm with increased volume 🔊 for strong entry opportunities. Momentum looks favorable, but caution is advised! 🧐
I can see on this chart illustrates a Rising Wedge Pattern Breakdown 📉 in the BTC dominance market cap. A rising wedge often signals bearish momentum, as seen here with the breakdown below the lower trendline. The dominance percentage is declining, indicating that altcoins might gain strength relative to Bitcoin 💪.
The RSI at the bottom is trending lower, suggesting weakening bullish momentum 🟠. The rejection from the resistance zone (indicated by red arrows) and subsequent price breakdown highlight a shift in market sentiment 🚩.
Trade Details:
Entry : Around -220 ( Join my Binance live for premium crypto signals )
1st TP :- 236.15
2nd tp: -240.57
3rd tp : -260(upper resistance area) 🎯
SL : -198 (below wedge support) ❌
Important 👇
Click on my profile picture to join my live stream , for 2-3 free signal.
If you want premium signal you have to follow my live stream instruction.