Hello Traders!
SOL price finished its drop due to the loss of momentum by the sellers. At the moment, we observe the beginning of the asset consolidation in the range of $88 - $122.
It is better to consider purchases once the price moves above the level of $122 and to consolidate there.
A more risky variant is buying near the current price level in the range of $88 - $100.
In case the price goes under $71 the deal will have to be closed by a stop loss.
The targets are the price levels of $171 and $195
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
SOL price finished its drop due to the loss of momentum by the sellers. At the moment, we observe the beginning of the asset consolidation in the range of $88 - $122.
It is better to consider purchases once the price moves above the level of $122 and to consolidate there.
A more risky variant is buying near the current price level in the range of $88 - $100.
In case the price goes under $71 the deal will have to be closed by a stop loss.
The targets are the price levels of $171 and $195
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.