Chart of the day

Solana reached the 204 level which could also be a third-wave peak of a new uptrend five-wave cycle. Now it is testing a broken upside resistance now turned support.

A break below 127 is now required for a deeper pullback to the 100 level. A confirmed break above 160 will lead to an extension higher in the fifth wave to 250.

_{Look for the long trade entries in the case of a break above 137.50. Short trades you can take in the case of a confirmed price action break below 124.}

oa