SOL Short-term Strategy (4.24)

Good evening everyone. After SOL broke through the previous high of 152, it encountered resistance and pulled back. After breaking through again, the only resistance level is 180. I must say, if it can break through and reach 180, it would be quite a significant gain. Structurally speaking, SOL needs to continue the main upward wave, the third wave. The only reference point is a pullback around 143. As long as it doesn't break below 140, we can aim higher. However, if it breaks below, I am more bearish, which means this rebound is basically at its end. There's not much to say about Bitcoin. You can check the post I made yesterday. The 4-hour Bollinger Bands are pulling back to the middle band at 143; if it doesn't break, the probability of a bullish outcome is higher. Furthermore, the KDJ indicator shows clear support for a rebound. Therefore, we need to enter our long position around 140.6-143.6. You can set your own target because once it breaks above, the next target is 180. Taking a profit of over 10 points would be quite satisfying. So for this trade, we don't need a large stop loss; if it breaks below, we can exit quickly! $SOL