SOL/BTC – 1H – SELLThe currency pair jumps from the bullish trendline down.
A bearish trend down to the next support at 0.002136100 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.002364900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.0022505 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.002364900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002506300 |
| 2nd High | 0.002384500 |
| Next High | 0.002364900 |
| Current Price | 0.002306900 |
| Next Low | 0.002136100 |
| 2nd Low | |
| 3rd Low |