#SOL - Long
After hitting the POI zone, $SOL executed a V-shaped recovery. This pattern typically indicates a fundamental shift in market sentiment. This is backed by this morning's positive inflation data.
A divergence on the hourly chart also suggests a rebound. In an alternate wave count with a larger triangle, we saw an ABC pattern break to the downside.
The correction seems to have completed. I expect a rebound and a push to a new local high soon.
Entry: $159 - $153
TPs: $170, $207
