SOLUSDT Key Support| Bullish Retest? Bottom?

Price Action needs to have a strong bullish expansion after the retest, it needs to break key resistance points such as the POC to reach the overall Swing High.

Author

Bitcoin Insider
December 13, 2024 • Estimated Reading Time: 4 minutes

Today’s report will include:

  • Updated Technical Analysis

  • Other key market developments

  • Market Psychology

  • Trading Tools

SOLUSDT Long Trade 📈 

In Today’s analysis -SOLUSDT- trading back towards its key support level where a bullish retest needs to confirm for a bounce back towards the highs.

Points to consider ✍️ 

  • Bullish Restest Level

  • Daily S/R Support

  • Swing High Reference Point

  • Bullish Expansion

  • Swing Low Invalidation

SOLUSDT’s current price action is corrective after an impulsive move from the lows, a confirmed bullish retest will solidify strength.

Price Action needs to have a strong bullish expansion after the retest, it needs to break key resistance points such as the POC to reach the overall Swing High.

Overall, from Bitcoin Insider’s perspective, SOLUSDT is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️ 

Hope this analysis helps.

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Trading Psychology  🧠 

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