#Solana  Update! MUST READ.
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#SOL  Ready to pump hard? Find out in this article.
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In this post, I will cover the technical targets for the pump of $SOL and will also provide an update on the trade I made.
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Let's start with the daily chart (1st chart):

On the daily timeframe, I can see SOL creating a giant double bottom and the technical target for this pattern is $285, which will eventually be reached.

One concern in the short term is that SOL is facing the oscillator's MA as resistance and is currently being rejected from the yellow zone. If we fail to turn both of those levels into resistance, we could see another pullback in the short term.
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What are the trash disposal goals? (2nd chart):

As you can see, the 4H oscillator is at the top and the daily chart is at key resistance, so if we see a big correction we could drop to the 1.272 fib at 165 USD. If we dump further, we could drop to the 1.618 fib at $160. This is the worst case scenario.

The best case scenario is that we drop down to the 0.5 Fib level at $177 and at that point, the 20 EMA will also line up with that Fib level and we hold the FIB and EMA support and then move straight up.
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Trade setup (3rd chart):

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

Now, if we retest the 20 EMA and the 0.5 Fib level as support and start moving up, the technical target of this trade is 198 USD and if we pump harder it is 213 USD .

How to enter:

If we go down to retest the 0.5 fib level, see if the support holds and if so then enter a trade.

SL: 169.69 USD; keep following.

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

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

Wait for confirmation and then enter the 2nd candle after confirmation that the yellow area is now support. The SL for this is $179.78
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Thank you for reading, stay safe.🤝🏻

#BinanceTurns7  #etfeth #Write2Win