Solana (SOLUSD) just broke out of a multi-month triangle on the 8H chart, signaling a potential reversal and continuation toward previous highs.
Key Highlights:
🔹 Break of Structure (BOS): Price broke through descending resistance, flipping momentum in the bulls’ favor.
🔹 Fibonacci Confluence: Bounce came cleanly from the 0.5–0.618 zone ($129–$140), adding high-probability support.
🔹 Triangle Apex Break: Consolidation is over — the arrow is launched.
🔹 Targeting Previous Highs: $185–$190 range is in sight, with historical resistance marked.
🔹 Risk Defined: Stop idea near the previous low and triangle base (~$115).
⚠️ Watch for confirmation candle closes and volume follow-through — the move is just beginning.
#ShariaEarn #BTCBreaksATH #TrendTradingStrategy #BinanceHODLerLA #SECETFApproval