Solana Price Analysis: Exploring the Neutral Outlook for SOLUSD

SOL is currently positioned uniquely following its breakout. The chart indicates a successful breach of a bull flag pattern with a series of higher lows and higher highs. The yellow trend line signifies the current uptrend, presenting a potential entry point for bullish investors as long as it remains unbroken. Conversely, bearish traders might consider entering the market once the yellow trend line is breached, leading to a downward push. Remember to manage your risks diligently and seek clarification if needed.

The trade is currently active, as it did not reach a higher high and instead broke the upward trend. Consider taking a short position with a stop at 115.

Below $100, this trade is likely to continue its downward momentum for a significant move south.

Trade closed, stop loss hit at breakeven.

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