The correction is over. After carving out a powerful "W" bottom, SOL has confirmed its reversal and is now offering the perfect pullback for smart traders to get in before the next major wave.
Don't see this pullback as weakness; see it as a prime opportunity.
Trade here $SOL
š The Bullish Case (Why Buy SOL Now?)
š¹ Powerful "W" Reversal: The chart has formed a classic and highly reliable W-shaped bottom. The second low around $145 was higher than the first, a sign of immense underlying strength.
š¹ New Uptrend Confirmed: The ZigZag indicator clearly shows a new pattern of higher lows and higher highs. The trend has officially changed from bearish to bullish.
š¹ Healthy Pullback to Support: The current dip is a healthy correction, finding strong support around the $150 level. This is where buyers are stepping back in.
š¹ Excellent Risk/Reward: Buying this dip provides a fantastic risk-to-reward setup, allowing you to target the previous highs with a tight stop-loss.
Trade here $SOL
š The Trade Recommendation:
This is a high-conviction trade based on a confirmed trend change.
ā BUY: In the current zone of $152.50 ā $153.00
šÆ TP1: $156.00 (The recent swing high)
šÆ TP2: $160.00 (The major high)
š SL: $149.50 (A tight stop just below the recent swing low)
Trade here $SOL
š„ The Bottom Line: The reversal is confirmed, and this dip is your entry ticket. Don't miss the chance to ride Solana's next wave up.
š What's your price target for Solana? Let me know in the comments! š
ā¤ļø Like if you're bullish on this reversal, and follow for more confirmed trade setups!