BINANCE:SOLUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
I'm going to search for possible directions and opportunities into the lower supports and we approach the possibility of drop below 20K. So; The ideas are based on the rejection of 52K and breaking 29K on BTC, In any other case I won't use this analysis to spot the possible entries.
There're two spots that I'm looking for SHORTs on BTC; $46500 and $51000. Based on the mentioned levels I'm going to analyze my SOL's chart !
There's an opportunity for SOL to pullback above $100 and more at the current support zone into LTF charts : But so, In this case; We'll search for our SHORT entries into $120 - $130's resistance zone and from macro view; Aimed target for mid-term should be $65. - In any case of break below $85 before a retest into $120's resistance, You have to sell out your bags and aim for $65.
For further rejection we need that break below $65 which makes us this opportunity to set our buy limits on the mentioned levels at $30 and $20 !
📑 Conclusion : - There're two levels to watch for : - $85; Any rejection below will lead the pair into $65's Demand zone. - $95; Any pullback above will lead the pair into $120's Supply zone.
Also there're two main zones to watch for macro movement : - $120; Any rejection from this level will lead the pair into $65's Demand. - $65; Any rejection from this level will lead the pair into $30's support lines..
🔴 Unfortunately analyzing the crypto pairs before any major movement's confirmation is more risky with less success rate; So I would be pleased to play the chart with more carefulness !
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