SOLUSDT: Check 1W chart, buyers lack momentum
Strategic outlook on SOLUSDT:
Today, SOLUSDT is currently consolidating around the range at high levels. currently at $196.92, marking a drop of nearly 2.68 on the day.
Currently, any upside or downside breakout of SOL brings strong volatility. According to statistics, the strongest fluctuations occur after a false breakout. In general, at this time the market moves within the range, inside the correction range will develop. Trading will take place between levels.
I expect the price to retest the 200.87 level with a bounce. If the price quickly returns to this support level, the likelihood of a breakout increases. Fundamentally and technically, the Bitcoin market is showing weakness so we can expect a negative scenario at the moment. Profit target is set at the Fibonacci level of 0.618 (136.26) aiming purpose captures the motivation to achieve optimal profits. Wishing you a smooth and profitable trading experience!
Share your insights and strategies on SOLUSDT.
Today, SOLUSDT is currently consolidating around the range at high levels. currently at $196.92, marking a drop of nearly 2.68 on the day.
Currently, any upside or downside breakout of SOL brings strong volatility. According to statistics, the strongest fluctuations occur after a false breakout. In general, at this time the market moves within the range, inside the correction range will develop. Trading will take place between levels.
I expect the price to retest the 200.87 level with a bounce. If the price quickly returns to this support level, the likelihood of a breakout increases. Fundamentally and technically, the Bitcoin market is showing weakness so we can expect a negative scenario at the moment. Profit target is set at the Fibonacci level of 0.618 (136.26) aiming purpose captures the motivation to achieve optimal profits. Wishing you a smooth and profitable trading experience!
Share your insights and strategies on SOLUSDT.
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