SOLANA - WEEKLY - buy long-term
Solana's weekly chart is in long-term. In its correction, the correction is not yet complete. In the previous cycle, the correction continued down to the 61.8 Fibonacci level and from there it resumed its upward move. If we consider the previous upward wave, it has still not reached the 50% or any other Fibonacci level. The best buying points are where I've marked on the chart: the first step at $50, the second step at $33, and the best buying zone is at $26. This zone is identified to sit roughly between the 61.8 and 78 Fibonacci levels. For the long term, please respect your stop-loss. Enter in stages (incrementally). I hope you'll be profitable
"Stop, confirmed below $12."
"money management must be followed 100%."
Disclaimer: This analysis is shared for educational and informational purposes only. It reflects a personal interpretation of price action and market structure and does not constitute financial or investment advice. Always conduct your own analysis, wait for market confirmation, and apply appropriate risk management before making any trading decisions.