๐จ $SOL Failed Breakout โ Time to Bid? ๐จ
$SOL has failed the breakout retest and seems to be retesting its lows at the moment. But Iโm looking at this as a potential buying opportunity. ๐
With the ETF announcement deadline approaching on January 25, we could see a rally leading up to the event as anticipation builds. However, be cautiousโthereโs always the possibility of a sell the news event once the announcement is made. ๐ฐ
๐ What to Expect: 1๏ธโฃ Rally Leading Up to January 25: The market might price in the ETF news. 2๏ธโฃ Sell the News? Once the announcement hits, some traders may take profits, leading to a pullback.
๐ก Strategy: If youโre bidding on $SOL here, keep a close eye on market movements and be ready to adjust as the deadline approaches.
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