SOL/BTC – 30M – SELLThe currency pair moves from the ascending trendline downwards
A descent downwards to the next support level at 0.002426000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.002584800 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.00247143 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.002584800 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002618500 |
| 2nd High | 0.002601900 |
| Next High | 0.002584800 |
| Current Price | 0.002512100 |
| Next Low | 0.002426000 |
| 2nd Low | 0.002399000 |
| 3rd Low | 0.002307000 |