$SOL
Discussing a bullish pattern alert for Solana
$SOL which includes a double bottom formation on the 15-minute chart. This setup is typically viewed by traders as a sign of potential short-term upside momentum. The article also mentions that if there is follow-through volume, it could spark interest in Solana chain meme coins.
Here are the key points from the article:
- Target Price Zones: TP1 at $158.30, TP2 at $159.64
- Risk Point: Below the pattern low
- Double bottom confirmation: Some traders wait for a clear close above the neckline before taking action.
- Chart analysis: Quick recovery after testing support, bullish structure with increasing volume.
- Ideal for short-term setups if momentum continues.
- Emphasis on trade smart, stay calm, use position sizing and stop-loss logic for protection against volatility.
- Encourages to focus on facts and flow rather than FOMO