🪙 $SOL is waiting for the continuation of the upward trend
Today, we will focus on the 4-hour timeframe. Here, the price has entered a local consolidation 🕯, which is currently bounded by two trend lines.
So far, a 'bullish pennant' 🐂 is forming here. I see the basic scenario of an upward breakout through it. However, there is also the possibility of a downward expansion of the range due to the removal of liquidity below the mirror level of ~$141. This will lead to a transition into a 'bullish flag'.
In general, I expect an upward breakout through one of the formations typical for this stage of the market 📈.