#SOL/USDT Final Liquidity Zone Before Expansion ?#SOL
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.
We are seeing a bearish bias in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected.
There is a key support zone in green at 128, and the price has bounced from this level several times. Another bounce is expected.
We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend.
Entry Price: 133
First Target: 134
Second Target: 137
Third Target: 140
Remember a simple principle: Money Management.
Place your stop-loss order below the green support zone.
For any questions, please leave a comment.
Thank you.
Solbtcc
#SOL/USDT Bullish trend analysis Read The caption#SOL
The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel.
We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.
There is a key support zone in green at the 154 price, representing a strong support point.
We have a trend to stabilize above the 100-period moving average.
Entry price: 156
First target: 156.80
Second target: 158
Third target: 160
Don't forget a simple money management rule:
Place your stop-loss order below the green support zone.
Once the first target is reached, save some money and then change your stop-loss order to an entry order.
For any questions, please leave a comment.
Thank you.
SOL/USD - Back to support before another attempt at ATH!Solana made a nice attempt to break the ATH, but now it is correcting towards the $192 support.
If this holds, we may get another attempt, otherwise, SOL may fall lower to the next support level as indicated on the chart.
Nevertheless the breakout from the pennant in blue was amazing with few pullbacks and amazing rally. Congrats to those that rode this wave.
The 4h indicators are turning bearish, so watch out!
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