SOL/BTC – 1H – SELLThe currency pair jumps from the ascending trendline down.
The bearish trend down to the next support line at 0.002426000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.002621000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.002446508 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.002621000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002621000 |
| Current Price | 0.002496200 |
| Next Low | 0.002426000 |
| 2nd Low | 0.002399000 |
| 3rd Low | 0.002307000 |