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Solana (SOL) - June 23

BINANCE:SOLUSDT   SOL / TetherUS
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(SOLUSDT 1W Chart)
Below 46.85-58.38 is likely to be a mid- to long-term investment area.

So, whether it can move higher than 58.38 is the key.


(1D chart)
Primary resistance: around 58.38
Secondary resistance: around 84.57

Support: 24.54-31.81

If the price holds above 31.81, we expect it to turn into an uptrend in the short and medium term.

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No matter how good a project is, its value can fluctuate greatly depending on market conditions.

Therefore, even if you make a mid- to long-term investment, you should trade in a way that increases the quantity corresponding to the profit while recovering the purchase principal as much as possible.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment: The key is whether the 37.88-42.76 zone can be supported and climbed.

If it finds support above 37.88, I expect it to turn into an uptrend in the short and medium term.

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