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Good entry opportunity with near stop and excellent risk/reward ratio

SOLB D1 Our expectations:

Long-term long trend and short-term correction. The movement remains in the trend channel, with the price reaching a key support zone.

Price action: Bar pin on a support level.

Indicators:
Test of 50%, price holds above.
Price below 50SMA and above 200SMA. The moving averages are arranged in a bullish formation.
DeMarker turns above 0.3 – an increase signal.

OJ: 94

Alternative scenario: A confirmed break below 94 is likely to result in a deeper correction.


 Trader Georgi Bozhidarov


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