SOL tested the demand zone and bounced from there. Hoping all your buy orders get filled. The resistance area for now is $148 - $150 and $170 area. Increase your stop loss to just below $120 and hold this position.
Slowly but surely, the SOL price correction came to an important range of $125-132. Moving in a clear correction channel, the SOL price showed that sellers are not yet ready to take the global initiative into their own hands. This is noticeable both in the trading volumes, which are lower during the correction than during the growth, and in the rate of...
So far I see a breakout of this falling wedge structure and price action has returned to test the wedge. My stop loss is by the ray at 128 in case we have a W pattern and a lower low. I am looking for continuation to the upside. We see the price action has respected the fib retracement on this uptrend, stalling at the 0.5 level around 170. The path is...
All symptoms continue on 8H chart.
I guess we have to wait for the red cloud to form
on the 1D chart to be completely obvious.
By then the price will be around $100.
And from there it will go even lower.
Increasing short position on bounces.
The SP500 has already started its trek down from the ATH. It is predicted to have a 20% correction (I assume...
SOL usd is ready to drop as there is no support before 117.
This sell trade is about 20% of the investment.
There are two important levels before the stoploss.
Don't forget to hit the like button and follow to stay connected.
SOL is at a critical place right now where we have a break or bounce scenario. If price can push up from here, we can possibly see price reach the highs once again or even higher.
However, if price breaks the major trendline, we could see SOL topple back down to atleast the 65 level.
LONG: Wait for price to break the lower timeframe descending trendline and...
SOL did a fake breakdown with big volume at the bottom, price is holding on support and squeezing to trendline, I believe it can make a breakout. TP 20% to the next value area, sell by parts and always use SL
Hello everyone !
Today the Black Cat Trader is analyzing BINANCE:SOLUSDT on a daily chart.
What we can see :
Ichimoku system : According to the last bitcoin crash, Solana loses its daily Tenkan / Kijun supports. In fact, the previous Kijun support turned into a resistance that Solana must breaks to go higher.
Bollinger band : The BB get closer and...