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[Solana Outlook Update]
On August 24, one of the followers asked about Solana (SOL), and I shared a brief perspective at that time.
As mentioned, Solana faced resistance around the $218 level, pulled back, and then successfully broke through. Currently, it is showing a pattern of renewing previous highs within the upper channel.
Here is my outlook going forward:
☞ The key point to watch is whether it can break through $260.
☞ If it breaks this level and consolidates within the upper channel, there will be strong expectations for a new
all-time high.
☞Personally, I am considering entering a small short position around $260.
However, if it breaks out, I will cut losses quickly. I will continue testing position sizes while keeping in mind that Solana is highly likely to eventually renew its previous highs.
#Solana
#SOL
#BTC
#ETH