Every chart has a way to make profit. For example, if we look at $SOL on the 1-day timeframe, it’s in a consolidation zone. People often get scared thinking if they take a long trade, the market will go down, and if they take a short, the market will go up.
But if you understand the timeframe properly, there is actually a lot of room within this consolidation to book profits.
Right now, the market is at a support area, and the resistance is around $95–$96. That means there’s a good range between roughly $82 and $96 where we can take solid profits.
This support has already been tested 3–4 times, which makes it very strong. From here, a bounce is likely. I’ve already taken a buy, and I suggest you can consider buying as well. Then, when the price reaches resistance, you can close the trade and book profit.
After that, we’ll see whether it breaks the resistance and moves higher or gets rejected and comes back down I’ll update you on that later.
For now, you can take advantage of this range and book profits easily. Don’t wait for a breakout — you can trade within this zone and make profits without delay.