SOL / TetherUSUpdated SOL/USDT Bounce Indication and Ready to Continue Upward Movement
💎 SOL is unmistakably on our watchlist. Currently, SOL is interacting with a demand zone, which previously served as a supply area. A look back reveals that SOL faced resistance in the $24.80 - $25.5 range and couldn't break through, leading it to retreat to the current demand zone for potential momentum. The recent candlestick patterns suggest bullish rejection, hinting at a possible bounce and another attempt to challenge the aforementioned supply zone.
💎 However, if SOL fails to maintain its position in this demand zone, there's a risk it could descend to the Bullish OB area. Historically, prices tend to experience a strong rebound upon reaching the Bullish OB zone.
💎 Yet, given that our current demand has flipped from its previous supply status due to a breach, a bounce from the Bullish OB might just result in a short-lived upward move before a potential continued decline towards a support level.
💎 However, if SOL fails to maintain its position in this demand zone, there's a risk it could descend to the Bullish OB area. Historically, prices tend to experience a strong rebound upon reaching the Bullish OB zone.
💎 Yet, given that our current demand has flipped from its previous supply status due to a breach, a bounce from the Bullish OB might just result in a short-lived upward move before a potential continued decline towards a support level.
Trade active
🌴 SOL Free Signal update🌴💎The targets 1 for #SOL/USDT have been successfully met 🍾
💎Profit generated: 13.69% 📈
💎BUT KEEP IN MIND - One successful price prediction does not mean a trader is long-term profitable…
💎For consistent long-term profitability, a professional trading strategy is absolutely essential.
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.