📈 Medium-Term: SOL has been overall bearish and it is currently trading within the flat wedge pattern marked in red.
📍 As it retests the lower bound of the wedge — which perfectly intersects with the $100 round number — I’ll be looking for short-term longs.
🚀 In parallel, for the bulls to take over in the long term and kick off the next bullish phase, a breakout above the $147 previous daily high is needed.
Which scenario do you think will happen first — and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed