When the descending triangle #sol breaks down, the correct defense is to short on the pullback! However, SOL has volume support at a smaller timeframe, along with bullish divergence support! The pullback into the lower end of the triangle has also formed a false breakdown. A W-bottom appears on the 5-minute timeframe, and within the W-bottom structure, there is an increase in volume on the rise and a decrease in volume on the drop! Therefore, a long position was taken on the breakout at the neck line of 143 during the pullback! Currently holding long positions in ETH, BCH, BTC, and SOL.
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