SOLUSDT Range Low| Range High| Price Action| Trend

Evening Traders,

Today’s analysis – SOLUSDT – trading within a descending channel where a break bullish is probable,

Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Resistance
- VWAP S/R Support
- Low Volume

SOLUSDT’s immediate price action is impulsive, breaking out of the descending channel will allow for a bullish bias.

The range low is current support, rotation to the range high is likely for a bullish continuation.

The current volume profileis below average, an influx is highly imminent an expansion occurs.

Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis