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Heatrading
Nov 3, 2021 12:23 PM

SOL short term resistance reached 

SOL / US DollarBinance

Description

SOL had a strong bounce from the support area around 180$ i was expecting it to be tested more than once but it seems that market wanted to find new ATH.

I often used Fibo Extensions to find new resistance and on short term SOL has 234$ / 242$ and 250$.

Price could go higher into one of these price before going into consolidation, my view would be to wait for a pullback into the 220$ area and search for buy once at least MACD H2 will be under 0.

For now, wait and see what the market will decide but i wouldn't go long there at this price.
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