SOL current long and short ideas
Bullish scenario
A push back above the 0.618 Fibonacci ($174.20) would be a good sign for the bulls. This would also create a new higher high. From there, we could then see market participants target previous highs of $210.18, and then the Fibonacci extension levels of $235.80 and $268.38.
Bearish scenario
Failure to garner any attention from the market, could result in a move back towards the current lows of $116.00.
A push back above the 0.618 Fibonacci ($174.20) would be a good sign for the bulls. This would also create a new higher high. From there, we could then see market participants target previous highs of $210.18, and then the Fibonacci extension levels of $235.80 and $268.38.
Bearish scenario
Failure to garner any attention from the market, could result in a move back towards the current lows of $116.00.
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