SOL / Tether PERPETUAL FUTURES
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SOL - a week in the Sun ? or is Rain on the way

155
SOL is starting off the week 20% lower, we've had a price retraction and profits have been taken, liquidity has been swallowed up, the weekend is over and its time for the market to resume "Marketing" .
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Sol is already breaking out and we will have to watch , but we area long as of Sunday at 141-143
We were looking for our target of the 150 level to take profit, and as the week continues I plan to trade SOL daily with some positions So I will be watching It and trying to keep the Days action organized.
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at out 2nd target level
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2nd target hit
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watch for support at the 0.5 fib
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I have 2 targets, I will not be taking a short position at this time, waiting to take a long after price shows support around 144.700 , 147 will be our first low target to watch for
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all targets hit. active long position aiming towards 150 for the daily
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fib support 0.5 to be retested
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- 0.381 retested and 2x 4h candles all show support, combined with low volume indicate the broken channel isnt confirming a downward trend and the next day's trading will see price rise

Looking to take profits at the 150-151 (.618 - fib level)
price could retest the 0.5 and move higher depending on general market sentiment
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broken the fib at 0.5 and retested 0.382. currently the 0.382 broke and if we look on the macro there is a better understanding of where price will fall.

Currently SOL is in a downward wedge, perhaps a pennant however for now its imperative that there is no market bias towards a direction, and as it stands it appears that price is headed towards the accumulation area.
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waiting for the 4h close to confirm as well as following market sentiment, fundementals,vol,macd,and rsi.

Will update with a new outlook
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price is trying to break above the fib resistance. We need to see a higher low on retraction to push price up
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