jjjjchen

SOL 4HR_analysis with technical indicators

jjjjchen Updated   
BINGX:SOLUSDT.PS   SOL / TETHER Standard Futures
SOLUSDT

Hi everyone! This is JJ CHEN, a student who are interested in the cryptocurrency market.
Let's take a look at SOL.
Since the last time Triple-in-One indicator showed a signal of SHORT, SOL has fallen more than 12.94%.

As I seen, SOL may not get supported at the 0.5 position of Fibonacci retracement. (But it's hard to say. You know, we have to consider various risks. )
LS_main also has not yet seen a golden cross.
However, LS_AUX is entering the oversold area, which will lead to price rebound.

I think there are some positions that we can stop the short position, and turn to open long position.
(1) the 0.5 position of Fibonacci position(176.5365)
(2) the 0.382 position of Fibonacci retracement (169.8789)
(3) when LS_MAIN occurs a golden cross.
(4) when Triple-in-One indicator shows a signal of LONG.
It depends on what kind of trader you are.
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If u don’t have time to do technical analysis yourself, u can also rely on the indicators to trade.
Pls let me know if u are interested in our triple-in-one indicator! ><
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