#sol $SOL

MartClues AI Trade Alert: Triangle Breakout

Event:

Triangle Pattern has broken through the support line on August 29, 4:00 UTC.

Trade Setup:

Forecast: Possible bearish price movement towards the target support level at 142.3721 within the next 1 hour.

Strategy Consideration:

Trend Traders: The break below the support line indicates a strong bearish signal. Consider entering a short position to capitalize on the anticipated downward momentum.Scalpers: This setup offers a quick opportunity to profit from the bearish move towards the identified support level.

Support and Resistance:

Target Support: The price is expected to move down to the 142.3721 level.Stop Loss: Set a stop loss above the broken support line to protect against potential reversals.

Actionable Strategy:

Short Entry: Consider entering a short position immediately, targeting the 142.3721 level. Monitor the price action closely to exit before the 1-hour window concludes.Risk Management: Use a stop loss just above the previous support line to manage risk effectively.

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