SOLANA's Correction Phase Sets Stage for Long Entry

In the last few days, SOLUSD quickly reached new highs - only to correct even faster since yesterday. Following the Elliott Wave Theory, SOLUSD is currently in a corrective wave that should end in the current price range and transition into a preliminary final upward wave 5. This gives us the opportunity for a long entry with a good risk-reward ratio of around 1.7:1.

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Working out so far

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We adjusted our Take Profit to $260, so we have an RRR auf 3.3:1.