stephanelibatd

SOL / USDT New entry 240

Short
BINANCE:SOLUSDT   SOL / TetherUS
Hey traders, SOL / USDT is in a bullish movement it came to test the MA200 days and failed to breakout its hit line.

Normally he should have had a forced relief to notice that we compensated on last resistance so the market will collapse.
Possible point to enter the uptrend line which is below the MA365 days for retarders.

The RSI is in the overbought zone which confirms that for the moment it is not healthy to take possession now.
See how the price reacts on the validation confirmation on the pull back once resistance is broken.

The goal is the next resistance if the dynamics remain unchanged.

These are not investment advice but usage recommendations.
Thank you for taking the time to read my analysis.

I hope you enjoyed it.
Comment on your ideas in the space dedicated to the description.

Please like and follow, thank you.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.