SOL/USDT – 1H – BUYThe pair Solana/Tether (SOL/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 204.480000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 222.800000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 217.12296 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 222.800000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 224.000000000 |
| Next High | 222.800000000 |
| Current Price | 212.380000000 |
| Next Low | 204.480000000 |
| 2nd Low | 199.730000000 |
| 3rd Low | 194.860000000 |