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Friends, today I want to draw your attention to the global chart for the #SOL 💶 coin.
After completing the upward momentum belonging to the first wave, the asset began a correction. At the moment, we see a clear end to waves A and B, but there are several questions about the peak of C... In general, there are two main scenarios for the development of events:
1️⃣The price will continue to fall to the 0.5–0.618 ($32.01-$48.94) Fibonacci zone, from which it will rebound and start a new uptrend. In this scenario, I will start buying from the indicated area.
2️⃣The price will start to growth from current levels and break through the $116 mark. If this happens, I will look for a good entry point on the pullback.
In general, buying right now is quite risky. The best solution would be to split the entry into several parts and buy the coin as it declines 💰.
$SOL
{spot}(SOLUSDT)