Hello everyone, let's take a look at the 1D SOL to USDT chart as you can see the price is based on the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 35.74
T2 - $ 36.51
T3 - $ 37.15
T4 - $ 37.78
and
T5 - $ 38.63
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 34.23
SL2 - $ 32.71
and
SL3 - $ 30.83
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while the MACD indicator shows that the blue line is approaching the red line if it crosses it from the top, it may confirm that the trend has changed into a downward trend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 35.74
T2 - $ 36.51
T3 - $ 37.15
T4 - $ 37.78
and
T5 - $ 38.63
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 34.23
SL2 - $ 32.71
and
SL3 - $ 30.83
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while the MACD indicator shows that the blue line is approaching the red line if it crosses it from the top, it may confirm that the trend has changed into a downward trend.