SOL/USD: Approaching Resistance After Recovery
🔥 FinCaesar Strategy:
🩸 Short: Below $228, targeting $220 and $210. MACD remains weak, and the price is struggling to hold above key moving averages.
🩸 Long: Above $232, aiming for $240 and $260. Bulls need strong momentum and volume to confirm a breakout.
🔥 FinCaesar Commands:
🩸 Resistance: $232 — A breakout above this level could push SOL toward $240 and beyond.
🩸 Support: $228 — Losing this level may result in a pullback to $220 or lower.
Solana has rebounded from key support levels but remains in a consolidation phase. The MACD is showing a slight recovery, but price action indicates hesitation. A decisive move above $232 could lead to strong bullish continuation, while failure to hold support at $228 may signal another decline.
👑 "Momentum is built on decisive action—hesitation is defeat." — FinCaesar
🩸 Short: Below $228, targeting $220 and $210. MACD remains weak, and the price is struggling to hold above key moving averages.
🩸 Long: Above $232, aiming for $240 and $260. Bulls need strong momentum and volume to confirm a breakout.
🔥 FinCaesar Commands:
🩸 Resistance: $232 — A breakout above this level could push SOL toward $240 and beyond.
🩸 Support: $228 — Losing this level may result in a pullback to $220 or lower.
Solana has rebounded from key support levels but remains in a consolidation phase. The MACD is showing a slight recovery, but price action indicates hesitation. A decisive move above $232 could lead to strong bullish continuation, while failure to hold support at $228 may signal another decline.
👑 "Momentum is built on decisive action—hesitation is defeat." — FinCaesar
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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.