SOL/BTC – 4H – SELLThe currency pair moves from the bullish trendline down.
The bearish trend downwards to the next support at 0.002251000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.002460500 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.0022055216 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.002460500 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002719000 |
| 2nd High | 0.002535900 |
| Next High | 0.002460500 |
| Current Price | 0.002255500 |
| Next Low | 0.002251000 |
| 2nd Low | 0.002136100 |
| 3rd Low |