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Kira Walkowski
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BTC
92,644.38
-1.53%
SOL
138.14
-3.22%
45
0
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Kira Walkowski
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Buy $ETH before it's too late
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I told it way before...
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How BTC Affects SOL 1. If BTC Breaks Out (Bullish Case š¢) BTC Action: Breaks above 93,500 and pushes toward 107k (Triangle Breakout). Effect on SOL: This is the "Green Light" SOL needs. Confidence: BTC breaking ATH (All Time Highs) or key resistance brings fresh liquidity into the market. Multiplier Effect: While BTC moves +16% (to target), SOL typically moves 2x to 5x harder. This aligns perfectly with SOL's projected +84% move. Result: SOL likely smashes through the 152.00 resistance and hits 228.00 quickly. 2. If BTC Consolidates/Stalls (Neutral Case š”) BTC Action: Chops sideways between 88k - 92k. Effect on SOL: SOL will likely struggle at the 151.90 resistance barrier. It might form a "Handle" to its cup or retest support at 132.00. Strategy: You would need to be patient and wait for the 152.00 confirmed breakout. 3. If BTC Fails (Bearish Case š“) BTC Action: Drops below 87,500 (Triangle Failure). Effect on SOL: Catastrophic. Altcoins (like SOL) usually bleed twice as fast as BTC when the market drops. SOL would likely lose the 123.93 support and invalidate our "Double Bottom" setup entirely. Follow for more detailed analysis..
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Do your own Research first!
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š $BTC Analysis Current Context: Price: ~91,742 USDT Pattern: Symmetrical Triangle (Consolidation). The price is compressing between the descending resistance (A-C) and ascending support (B-D). Momentum: The price is currently testing the upper breakout line. A successful breach usually triggers a strong volatility expansion. RSI: Neutral (~58). The RSI trendline shows compression similar to price, indicating energy is building up for a big move. š Trading Plan Direction: š Long (Bullish) Setup: Triangle Breakout š Entry Strategy ā” Aggressive: Current Market Price (91,742) ( anticipating the breakout). ā Safe: > 93,500 (Wait for a 4H candle close above the upper trendline/Point C). Risk Management š Stop Loss: 87,500 (Below the lower trendline/Point B support). Profit Targets šÆ TP 1: 96,000 (Immediate resistance). š TP 2: 107,321 (Chart projection / Pattern Target). Stats Potential Gain: ~16.24% (to TP 2) Timeframe: ~11 Days (Target date: Dec 20) Warning: Symmetrical triangles can break either way. Ensure volume spikes š on the breakout to confirm it's not a "fake-out."
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