Market Analysis of SOLUSDT on Monday 26 August 2024

2024-08-26 18:05Source:BtcDana

Technical Analysis:
SOL/USDT is currently trading within a range, forming an attractive symmetrical triangle pattern. It's advisable to wait for a breakout before entering any trades. For those who already have long positions, it's wise to continue holding them. Wave 4 is still in play, and this consolidation phase is a typical structure of Wave 4. Therefore, it's crucial to wait for a breakout before entering for a potential upside move, and confirmation is key.

Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities

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