Hello Traders!
The price of SOL continues to move within the downtrend.
After the momentum, the price tested the support level of $37.30, where the rebound to the resistance level of $55.90 followed, which formed the consolidation range.
If the price leaves and fixes under the support level of $37.30, we can assume the continuation of downward pricing.
A set of medium-term purchases should be considered if the price enters the range of $25.70 - $16.50. Buy orders are best placed in several parts between $16.50 and $20.00.
The targets will be the levels of $37.30 and $55.90
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 continues to move within the downtrend.
After the momentum, the price tested the support level of $37.30, where the rebound to the resistance level of $55.90 followed, which formed the consolidation range.
If the price leaves and fixes under the support level of $37.30, we can assume the continuation of downward pricing.
A set of medium-term purchases should be considered if the price enters the range of $25.70 - $16.50. Buy orders are best placed in several parts between $16.50 and $20.00.
The targets will be the levels of $37.30 and $55.90
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.