Solana Projections

#solana #solusd #altcoins

Traders,

As projected Solana did break to the upside of our area of confluence which was the intersection of our 50 day, 200 day, and descending TL (black). As you know, I had been waiting for this break before making an entry. The confirmation candle came but the move was too quick for my liking. I am not about chasing. So, here's what I am now waiting for: Solana tags resistance at $25-$26, Solana then pulls back for a classic retest of previous resistance (now support), and then, Solana takes off towards our target area. All of this should take quite a few weeks/months.

I will be looking to enter at either a retest of our 50 day/200 day or descending TL. Stay tuned.

Stew

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