🔻 SOLUSDT 🔻 SHORT - Local on 01/09SOL - 1-hour Chart -
BINANCE:SOLUSDT COINBASE:SOLUSDT BINANCE:SOLUSDT.P KRAKEN:SOLUSDT
I had hoped to see a breakout of the global BSL range, but instead, SOLUSDT moved lower without breaking out, leaving it intact.
Currently, I observe a rather impulsive downward movement locally.
I anticipate seeing price imbalance filling and further decline to the levels around 18.05 and below.
I have marked the levels from which a price correction might be possible.
What goes against my idea:
Liquidity compression at 21.50-22
Liquidity level at 22.20
Conclusion: In case of a breach of the 21.10 level, the idea is canceled, and it is worth considering a long scenario towards the previously described long targets.
P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing my market insights.
Subscribe ↗️ to stay updated on new ideas.
Solusdttrade
SOLUSDT at weekly resistance, pullback likelyThis one has reached to the weekly resistance WR1. I expect the price to retrace here. This weekly resistance is a strong one and can hold the price back. The next supports are 4h support 4HS1, daily support DS1 and weekly support WS1. I expect the price to retrace at least to 4h support 4HS1 and probably to daily support DS1.
SOLUSDT to head up for weekly resistance around 26.10SOLUSDT is showing strength. The price is trading still significantly below the weekly resistance which is around 26.10 as marked on the chart with blue horizontal line. It is likely that the price will target for this level. Looking at the strength, a long seems favorable.
The target price for SOLUSD is 25.50
On the four-hour chart, SOLUSD has experienced a major decline, but has recently tested the support level at 21.5 twice and confirmed its effectiveness. This has resulted in a strong rebound, indicating a demand for an upward trend and clear bullish signals.
In the short term, the 21.5-22 range presents good buying opportunities, with a final profit target of 25.5. This is a long-term position, and those with large capital may consider following suit to capture maximum profits. For those with smaller capital , it is recommended to take advantage of short-term profits, and the chart provides suggested short-term exit points.
As an individual with deep research into cryptocurrency, foreign exchange, stock, gold, crude oil, and other futures products, I often provide updates on daily operations and positions. Thank you for your attention and support. If you have any questions, please feel free to leave a message, and I will provide the most reliable advice to assist you.
BINANCE:SOLUSD