My bias for Solana is super bullish. I invest in Solana and I think it is still a good price to buy and hold, but I am planning to trade with leverage.
Currently, Daily EMA200 is dead flat and running across the candles.
MACD moving to the upside but still in bear territory.
There is a bullish momentum building up, however, there is a large sell order block sitting above the current price area, and the price can oscillate around EMA200. The similar situation is marked in the blue rectangular box in the chart.
I will open a long position when:
1) EMA 21 >EMA55> EMA200
2) MACD lines cross and move in the bull territory.
3) a daily candle closes above EMA21. (see red vertical line)
Currently, Daily EMA200 is dead flat and running across the candles.
MACD moving to the upside but still in bear territory.
There is a bullish momentum building up, however, there is a large sell order block sitting above the current price area, and the price can oscillate around EMA200. The similar situation is marked in the blue rectangular box in the chart.
I will open a long position when:
1) EMA 21 >EMA55> EMA200
2) MACD lines cross and move in the bull territory.
3) a daily candle closes above EMA21. (see red vertical line)
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