$SOL

SOL

$sol formed "W" pattern, also known as the double bottom pattern in the 4h time frame , which is bullish reversal pattern, indicating a potential shift from a downtrend to an uptrend. It signals that buyers are gaining strength and prices may rise.

This confirmed breakout indicates (pending -wait current candle ) a higher probability of a sustained uptrend, suggesting that the downtrend may be losing steam. To limit potential losses if the breakout turns out to be false, place a stop loss order below the neckline as per your risk management ratio.

If price moves below the neckline pattern will invalid .

Alert : Current candle must close above the neckline.