Hello Traders!
The price of SOL found support near the level of $88.00. The sellers' bid was bought out by the market, after which the buyers began to actively move the price up.
On the 12H timeframe, the price is testing the MA50, the RSI indicator went into the bullish zone.
We can observe purchases in the range of $100 - $112 with a stop loss below the price level of $88.
The targets are at levels $171 and $195
The current price levels provide an opportunity to open a trade with good risk/profit potential.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The price of SOL found support near the level of $88.00. The sellers' bid was bought out by the market, after which the buyers began to actively move the price up.
On the 12H timeframe, the price is testing the MA50, the RSI indicator went into the bullish zone.
We can observe purchases in the range of $100 - $112 with a stop loss below the price level of $88.
The targets are at levels $171 and $195
The current price levels provide an opportunity to open a trade with good risk/profit potential.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.