SOL (Solana) - Update : Key Support to watch at 0,1160(Update)
Earlier in October, FTX scandale bring a negative news flow arounf Solana however technical element are now calling for normalisation around Solana with high probability to see a bullish reaction a head of the FED (FOMC) comment today
Scenario :
Today SOL is offering a nice entry area to play a bullish reaction on the short-term and even on the mid-term if 25,30 is reintegrated
As long as 11,50 remains support a recovery is expected towards 19,20 before 25,30
Key Elements:
- - The long-term trend analysis show potential towards 53,10 as long as 0,0380 Strategic support remains valid
- - The mid-term element as RSI and Moving average are still in bearish configuration for the time being and act a resistance at 19,20
- - The Fibonacci key level at 0,11590 remains valid and acts as key support
Trade Idea : Bullish
Conviction : 
(Medium)
- - Target 2 : 0,53,10 (270%)
- - Target 1 : 0,2760 (80%)
- - Intermediate level : 0,1930 (35%)
- - Buy in setback at 14,10
- - Stop: 0,1310 (-18%)