🔥 SOL Huge Break Out: Small Correction Expected

٣ أبريل ٢٠٢٢

A little while ago I made an analysis on SOL and the bullish break out that was at hand. Since then, both of my earlier targets are achieved and SOL is one of the major winners of the last week or so. Congratulations if you took the trade.

As of now, SOL is severely overbought on the daily chart. In the past, these levels of overbought have more often than not led to minor corrections in the price. I'm betting on one of those corrections to occur in the coming days.

My area of interest is the $120 support, which was my previous profit target. Once the price reaches that area, I'll be scouting for bullish entries. Over the next few weeks, my bullish targets lie around $155 and $200.

Happy trading!