Hello community members. Hope you are doing fine.
SOL is performing good and so far continues its uptrend movement. I am seeing a correction in the near term as we can see it has already done so once before. Currently, it is trading at 237 BUSD price and may make a correction move till 201 BUSD value and after that bulls or bears may again come face to face to decide trend reversal or trend continuation. Here is the latest chart for you.
Chart Source: https://www.binance.com/en/trade/SOL_BUSD
A red candle already being made above the wedge pattern and one more red candle may bring the correction down to the wedge support level. Those who have taken long position may be required to be vigilant and continue with strict SL (220 BUSD in my view). RSI is also reversing towards 70% so anything can happen on the down side. Thanks!
Legal Disclaimer: I am not a financial advisor and never give advise to take any trade. The purpose of the analysis is for information only and you have to do your own working before taking any trade. I will not be responsible under any circumstances for any kind of loss.
Best of luck!
