SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 251.470000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 257.910000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 246.995 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 257.910000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 264.390000000 |
| Next High | 257.910000000 |
| Current Price | 254.260000000 |
| Next Low | 251.470000000 |
| 2nd Low | 229.600000000 |
| 3rd Low | 229.400000000 |