readCrypto

Solana (SOL) - July 10

BINANCE:SOLUSDT   SOL / TetherUS
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(SOLUSDT 1W Chart)
The key is whether it can rise more than 46.85-58.38 sections.

Less than 19.12-24.54 sections may be long-term investment areas and require careful trading.


(1D Chart)
The key is whether it can be supported and raised above 38.52.

If it falls below 31.81, make sure it is supported in section 19.12-24.54.


If we get support in 38.52,
Primary resistance: 46.85
Secondary resistance: 58.38


Volatility is expected to occur in the near future due to the contraction of the Bollinger Band 60.

It might go down further, but the current price position is the bottom section.

Therefore, stop loss is meaningless.


Until BTC shows an upward trend, most coins (token) are advised to trade from a short-term perspective.

So, if the price goes up, you have to sell it in installments, and if the price goes down, you have to buy it in installments.

However, it is better to increase the number of stocks by leaving profits as coins (token) rather than cash from short-term transactions.


We don't know how long we'll be in the bottom section, so we have to be careful not to run out of cash by just buying.

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** All indicators are retrograde indicators.
So, it's important to know that the indicators move along with the price and volume of the transaction.
However, for convenience, I'm talking upside down for interpretation of the indicators.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying the formula to the Depth House Trading index released by Oh92. (Thank you.)
** Support or resistance is the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee gains or losses in the investment.

(Short-term Stop Loss is a point where profit or loss can be preserved or additionally entered as a split transaction. It's a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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