Is SOL about to take off?
The compensation from FTX will begin on January 3rd, and the biggest impact of the FTX bankruptcy was on SOL, causing the price to drop to single digits, shattering the dreams of many.
On the morning of the 19th, Powell announced whether the Federal Reserve would cut interest rates by 25 basis points this month. In fact, everyone knows that a rate cut this month is a done deal. Bitcoin is consolidating at a high level, and altcoins need news to trigger a rebound, so we are waiting for the Federal Reserve's meeting to announce this favorable news to stimulate the rebound in the altcoin market. Hold your chips well; those with empty positions can wait for a pullback to enter and welcome the second round of altcoin rebounds.
SOL4H is an incomplete Gartley pattern, BC is formed, predicting point D at 237.63, which is also a significant resistance level. Breaking through here would lead to heights of 250-260; however, if it cannot break through the PRZ reversal zone, it can only continue to decline. According to the Gartley pattern, point D presents a shorting opportunity, with a stop loss at 247, T1 target at 224, T2 target at 216.
Recently, I plan to set up an ambush for a potential coin that is ready to explode; doubling it is quite simple. I am also preparing to find some potential coins to hold until the end of the year, with an expected growth of over 10 times being no problem. If you want to follow along, leave a message, follow, and like.
