SOLUSDT short-term selling strategy is preferred
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Overall, the 155.00 support level failed to cause SOLUSDT to bounce back and the downtrend continued, clearly moving on the 2-hour chart. Before that, the structure of the bull market was broken, which could generally determine the medium-term potential.
The 153.00 resistance level is actively defended by sellers on the basis of a correction and sell-off wave. From the 2-hour chart, the 34.89 EMA is gradually converging, making it more likely that the price will bounce back from support however the fundamentals are still negative, so any upside right now would be negative an opportunity for bears to enter the market. I am waiting for a breakout below 141.13 a break below this level will not prevent SOLUSDT from falling further. It is expected that the price will reach the 132.00 mark. And you, what is your goal?
Overall, the 155.00 support level failed to cause SOLUSDT to bounce back and the downtrend continued, clearly moving on the 2-hour chart. Before that, the structure of the bull market was broken, which could generally determine the medium-term potential.
The 153.00 resistance level is actively defended by sellers on the basis of a correction and sell-off wave. From the 2-hour chart, the 34.89 EMA is gradually converging, making it more likely that the price will bounce back from support however the fundamentals are still negative, so any upside right now would be negative an opportunity for bears to enter the market. I am waiting for a breakout below 141.13 a break below this level will not prevent SOLUSDT from falling further. It is expected that the price will reach the 132.00 mark. And you, what is your goal?
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