SOL zoomed in on the 4-HOUR chart is looking much better than most major cryptos. In an UPTREND after a TRIANGLE #Breakout and with a HIGHER LOW on the pattern's upper trendline.
Once again, lots of SUPPORT below, all kinds of it. It's ready to start a new cycle upwards, no ELLIOT WAVE count yet though, but the correction seems to be complete.
Obviously, a lot depends on BTC , so hopefully no dip below the 200 MA there. There could be a potential flash-crash in the market, so my STOP loss is manual, using candle closes (below $170) rather than a set level.
My targets will be based on ELLIOT WAVES once a solid count appears, but for now, I'm watching these levels: $206 (rejection here again could be brutal, and breakout above a volatile one), $234 (TRIANGLE target), and the zone between $254 and $264.
We’ll see how it goes — easy with the stakes, lots of chaos in the markets, no PCE numbers today due to the GOVERNMENT #shutdown in the US.