$SOL Update: New breakout or expected pullback?
On the hourly candlestick chart, buyers have been chopping through the bearish order block since yesterday, acting as resistance. While the trend remains bullish, a full test and breakout above $75.50 – $76.50 (marked with a check) could very well happen.
But what's next? Keep in mind that there are large liquidity pools below that the market makers will likely want to snag, so it's crucial to watch the targets around $67 closely.
Any correction that begins could be the perfect opportunity for a long squeeze.
Nearest support: The area around the blue EMA 200 line (~ $71.50, marked with a blue cross).
A strong bullish order block (lower green zone) around $67.00 should be monitored closely (marked with a lower cross).
On the hourly candlestick chart, buyers have been chopping through the bearish order block since yesterday, acting as resistance. While the trend remains bullish, a full test and breakout above $75.50 – $76.50 (marked with a check) could very well happen.
But what's next? Keep in mind that there are large liquidity pools below that the market makers will likely want to snag, so it's crucial to watch the targets around $67 closely.
Any correction that begins could be the perfect opportunity for a long squeeze.
Nearest support: The area around the blue EMA 200 line (~ $71.50, marked with a blue cross).
A strong bullish order block (lower green zone) around $67.00 should be monitored closely (marked with a lower cross).