A crypto that I've wanted to add to my positions is Solana (SOL).
Using the power and history of price movement within channels, I set my objective and stuck with it. It paid off this morning.
The object was to wait to see if price would come back down to the bottom channel line and to make my entry there...which I did this morning under $90.
I copied the Up Sloping Line from above and have placed it at the last pivot low which MAY become the lower channel line for a NEW UP Channel...we'll see.
I'm not going to update this one anymore unless price falls below this last pivot low...which can still occur.
Most other indicators are still weak; RSI is bottomed out, below all MAs and while I didn't show it, volume is low.
All good stuff, if you know what you're looking for right before a trend change happening
For now, going long-term long here but ready to add more.
Send any questions and appreciate the LIKES and COMMENTS!
Using the power and history of price movement within channels, I set my objective and stuck with it. It paid off this morning.
The object was to wait to see if price would come back down to the bottom channel line and to make my entry there...which I did this morning under $90.
I copied the Up Sloping Line from above and have placed it at the last pivot low which MAY become the lower channel line for a NEW UP Channel...we'll see.
I'm not going to update this one anymore unless price falls below this last pivot low...which can still occur.
Most other indicators are still weak; RSI is bottomed out, below all MAs and while I didn't show it, volume is low.
All good stuff, if you know what you're looking for right before a trend change happening
For now, going long-term long here but ready to add more.
Send any questions and appreciate the LIKES and COMMENTS!
Comment:
The Down Sloping Green Lines above will now act as resistance and the 1st main Upside TARGET is to HIT the Up Sloping Red Line above...yes indeed!! Fow now...that's the new channel as long as we don't break down or to the right.