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Solana (SOL) - January 12

BINANCE:SOLUSD   Solana
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(SOLUSD 1W Chart) - Mid-Long-Term Perspective
Above the 61.44 point: the uptrend expected to continue.

Above 108.38 point: Expected to create a new wave.


I think the 108.38-152.84 section or higher is more likely to be the high point section.

Therefore, it is necessary to confirm whether the support section will be formed by receiving support in the section 108.38-152.84.



(1D chart)
First resistance section: around 191.01
Second resistance section: 238.46-254.28

First support section: around 96.10
Second support section: 48.65-64.47


The 127.74-143.56 interval is an important interval that determines the trend.

So, you need to check if there is any movement out of the 127.74-143.56 section.

However, a trend is expected to form as it deviates from the 108.38-152.84 section.


To continue the uptrend, it must rise above the 172.99 point.

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(SOLBTC 1W chart)
Since the wave is not complete, it is difficult to establish an accurate support and resistance interval.

Accordingly, careful trading is required.


Above 0.0019336 point: Expected to create a new wave.


If the price declines from the 0.0031426 point, it may move towards the 0.0026815 point, so a short stop loss is required.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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