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#sol#BTC #GateioInto11 2024 DECEMBER 2, 19:26
Trade setup: Following a breakout from Ascending Triangle, above the triangle resistance of $160, price has rallied to $260 for +65% gain. It's now reached its ATH at $260. Now we look for the right entry opportunity in Uptrend. We wait for price to pull back near $210 support for 50% position entry and another 50% if it pulls back all the way to $190 support for another swing trade entry in Uptrend with upside potential back to $260. (Set a price alert) Set a price alert.
Pattern: Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Strong Up.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $210.00, then $190.00. Nearest Resistance Zone is#SOLS #BTC