KUCOIN:SOLUSDT
Hello everyone 😃
Before we start to discuss, I’ll be so glad if you share your opinion on this post’s comment section and hit the like button if you enjoyed it!

$SOL has formed a falling wedge in 4Hours TF chart, Currently it’s moving on the higher trendline.
Also there’s a formed bearish triangle with bottom flat.

Based on the data we have there’re two possible scenarios with positions triggers to look for :

📉 Bearish Scenario : Basically the main formed pattern ( Falling wedge ) is bullish , But so according to our current market’s biases; I’m looking for possible Shorts…
If we get the closings below Demand zone ( Current blue zone ), Then we can locate our Short and aim for the wedge’s lower trendline.
-On the continuation of bearish biases, If we get the closing below the falling wedge ( Current formed pattern ), Then we can located our 2nd Short towards lower Support zone at $78.

📈 Bullish Scenario : In other phase of market; There would be more consolidation and so, In terms of any reversal into bias, If we get the closings above our mentioned pattern ( bearish triangle ), Then we can located our Long and aim for the higher order-block at $110.
-On the continuation, If we get the break-out above resistance zone , Then we can hold our Long till local S/R Line at $122.8!

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Attention: this isn’t financial advice we are just trying to help people with their vision.

Have a good day!
@Helical_Trades