🔥 SOL Ideal Bullish Entry Point: High Risk-Reward Ratio!

١٨ أغسطس ٢٠٢٢

Recently I made an analysis on SOL and the bullish triangle it was trading in. I wrote that if we got a confirmed break out through the pattern's resistance, we could expect more upside.

However, we didn't get a break out and SOL reversed from the resistance area.

As of now, SOL is attempting a bounce from the triangle's support. If you're bullish, this is an ideal entry point since it has a high risk to reward ratio.

Best R/R would be to wait for either $50 or $58.5, a more risk averse trader can exit their position around the triangle's resistance.