In our Higher Timeframe post on SOLANA, we identified that we were in Wave B and we were looking for one more move higher to complete the pattern.
We can see that wave B is divided into 3 subwaves. We are now in subwave C = 5 waves. We've already seen wave 1 and now in wave 2 of wave C. We are looking to catch the rest of wave C on break of the red trendline and ride it up 200% to our target of around 60.
Trade Idea:
- Watch for bullish reversal patterns on lower timeframe
- Safe entry on break of red trendline
- SL below price once red trendline breaks
- Target: 32.5, 50, 60
Goodluck and as always, trade safe!
We can see that wave B is divided into 3 subwaves. We are now in subwave C = 5 waves. We've already seen wave 1 and now in wave 2 of wave C. We are looking to catch the rest of wave C on break of the red trendline and ride it up 200% to our target of around 60.
Trade Idea:
- Watch for bullish reversal patterns on lower timeframe
- Safe entry on break of red trendline
- SL below price once red trendline breaks
- Target: 32.5, 50, 60
Goodluck and as always, trade safe!
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