Thoughts on #SOL

Considering 2 options and all on trigger trigger order

General information 4h TF

Currently, #SOL is trading above the 0.382 Fib level after its retest from $161 lows. The price has held above volumes in the cycle based on VPVR data.

The selling volumes on MACD are gradually decreasing, RSI currently shows an accumulation of momentum towards breaking through to values from 39.55 to 50.

Based on this

1. Setup for LONG in case of RSI moving average breakout and trend reversal to ascending cycle.

TRIGGER TVH 146.72

TP 1 - 148,90

From 149.19 to 150.01 - order block

TP 2 - 153.10

SL - 142.36 is taken out for volumes based on VPVR

2. Setup for SHORT in case of a rebound from the moving RSI

TRIGGV TVH to break through 0.382 Fib and volumes according to VPVR 139.93

TP 1 - 138.75
TP 2 - 136.27
You can also extend the SHORT position further using a trailing stop or manually.

We set SL at the current price for VPVR volumes and 0.382 Fibonacci 145.51.