In the last Solana article we were waiting for a CHoCH, a character change, that would confirm that the bearish structure was weakening.
That shift has just happened.
But we don’t buy right away. We wait for the retracement.
The price has left a clear demand around 160 in the fourth half of the year. This is where the previous bullish move came from and where larger orders are likely to be placed.
Buying after the price has returned to demand allows us to come in with structure, not against it.
Think of it this way: the price rises and then comes back to gain strength. If you chase the push, you often buy the top. If you wait for the retracement, you enter where the risk is lower.
So the plan is simple:
CHoCH confirmed
Wait for the price to return to demand
Look for purchase confirmations there
As always, nothing is guaranteed. The market can move unpredictably, and this is just one possible scenario.
We remain patient.
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Francesco
My name is Francesco, I am a funded trader and I have a deep passion for forex, cryptocurrencies and trading as a whole. I feel fortunate to be able to combine my skills with what I love. I am very interested in factors that drive price movements and enjoy discovering the reasons behind them. My main interests include Bitcoin, Altcoins, macroeconomics and anything related to trading.
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