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In this post, I'll cover the technical targets for $SOL 's pump and will also update on the trade I gave.

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Let's start with the daily (1st chart):

On the daily time frame, I can see SOL is creating a massive double bottom pattern, and the technical target of this pattern is $285, which will be met eventually.

One concerning thing in the short term is that SOL is facing the MA of the oscillator as a resistance and is currently getting rejected from the yellow zone. If we don't flip both of those as resistances, we may see another dump in the short term.

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What are the dump targets? (2nd chart):

As you can see, the 4H oscillator is at the top and the daily is at a major resistance level, so if we see a big correction, we may dump to the 1.272 fib level sitting at $165. If we dump even further, we may wick down to the 1.618 fib level sitting at $160. This is the worst-case scenario.

The best-case scenario is that we come down to the 0.5 fib level sitting at $177, and by that time the 20 EMA will also align with that fib level, and we hold the FIB and EMA support and shoot straight up.

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Trade setup (3rd chart):

The previous trade I gave got invalidated because we flipped the green zone, the fib level, and the 20 EMA as support.

Currently, if we retest the 20 EMA and 0.5 fib level as support and start to shoot up, the technical target of this trade is $198, and if we pump harder, it's $213.

How to enter:

If we come down to retest the 0.5 fib level, see if the support holds, and if it does, then enter the trade.

SL: $169.69; keep trailing.

TP1: $184.9, TP2: $190.1, TP3: $198.3, TP4: Moon bag (15% of the total $ )

Now if we never come back to retest and shoot straight up, if this happens, then the TP1 will be your entry point if we have a good retest and the support holds.

Wait for confirmation and then enter on the 2nd candle after the confirmation that the yellow zone is a support now. SL for this is $179.78