SOL/BTC – 4H – SELLThe pair jumps from the ascending trendline down.
A descending movement down to the next support at 0.002210000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002368200 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.0022055216 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.002368200 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002535900 |
| 2nd High | 0.002460500 |
| Next High | 0.002368200 |
| Current Price | 0.002278500 |
| Next Low | 0.002210000 |
| 2nd Low | 0.002136100 |
| 3rd Low |