Coin name - #SOLUSDT!
Signal type- long
Read Till the End You Won’t Regret It!
Hello binance square fam! Here i can see the chart is showing a clear downtrend with in a descending parallel channel in this zone which is 1H tf of $SOL coin chart. lower highs and lower were indicated bearish move but coch is there .The major coch signaling a shift in price movement. this major coch indicating a trend reversal area. there are FVG&OB are also active on the chart where price moves rapidly. the OF&OB where institutional buying occurred. So according to my analysis i am saying the price already broke the downward channel and price will go upward for a certain time then it could fall again but here's a catch we will grab this opportunity to book our profit before the downward move.
The USDT.D chart is in a descending channel, forming lower highs and lower lows, reinforcing a downtrend. On the 1D timeframe, a key support zone aligns with an FVG, signaling a potential demand area for a price bounce. The Change of Character ChoCh suggests a shift in sentiment, indicating a possible trend reversal from bearish to bullish.
Trade Setup : LONG
Entry - 126.82
Tp - 132.41
SL - 121.62
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