SOLANA – Double Bottom??
SOL / TetherUS BINANCE:SOLUSDT
Solana recently broke out of a descending trend and is now within a correction, leading towards double bottom . In our last analysis, we had 2 possible structures for retest and it appears the double bottom structure is where we’ll retest. This would be a great place to look for possible Buy opportunities.
The trade idea is very simple.
Trade Idea:
– Watch for bullish price action at double bottom and enter
– If we break out early, watch for the red descending trendline to break and enter
– stops should be below the structure level
– Targets: 140, 200, 250, HODL
What do you guys think?
Trade safe.
