Chart of the day

Solana is testing the 137.50 level of huge upside resistance. A break above this level is required for an upside extension to 200 and higher. A rejection here will lead to a pullback and one more swing lower to test the cup and handle support 91.

Only in the case of a clear confirmed break above 137.50, we will see an end of this cup and handle formation. Until then a rejection from here will lead to a consolidation continuation.

_{Long trades could be opened here with a stop loss below 120 upon a confirmed break above 140. Short trades could be open upon a break below 80.}