SOL – can buy it in this scenario
SOLUSDT Perpetual Contract BYBIT:SOLUSDT
4H trend chart
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SOL is converging in the descending tunnel and it is approaching to the upper downtrend line currently.
If price overcomes the downtrend line, long it with the following trading strategy.
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Profit Targets:
a) 110.635—–Fib(0.5)
b) 118.430—–Fib(0.618)
c) 129.555—–Blue horizontal ray
Stop losses:
a) depend on the timing of break-out
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