SOLUSDT trading strategy for today:
SOLUSDT is currently continuing its consolidation after hitting a high of 155.85, with a slight decline of 0.62% on the day. Despite the price decrease, the price uptrend is still maintained stable within the 2-hour time frame.
On the short-term side, the support of the bulls is still very strong, as shown by the EMA lines 34 and 89. Analysis from the chart and application of the Fibonacci tool shows the possibility that the price will Retest the 0.618 and even 0.5 levels for consolidation before moving towards a new uptrend. I expect that this rally will take the price to 167.12.
SOLUSDT is currently continuing its consolidation after hitting a high of 155.85, with a slight decline of 0.62% on the day. Despite the price decrease, the price uptrend is still maintained stable within the 2-hour time frame.
On the short-term side, the support of the bulls is still very strong, as shown by the EMA lines 34 and 89. Analysis from the chart and application of the Fibonacci tool shows the possibility that the price will Retest the 0.618 and even 0.5 levels for consolidation before moving towards a new uptrend. I expect that this rally will take the price to 167.12.
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