After a strong bullish impulse, SOL entered a healthy correction phase, currently trading within a falling channel. 📊

📌 As long as price remains inside this channel, the correction is still in progress. However, once the upper boundary of the falling channel is broken to the upside, we will be expecting the correction to end and the next bullish impulse to begin.

Rather than trying to predict the breakout, we will wait for price to confirm the shift in momentum before looking for buy opportunities.

Will SOL complete its correction and resume the uptrend, or will sellers keep control a little longer? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr