SOL/USDT – 30M – BUYThe combination breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 168.610000000 is certain.
Caution: A possible counter-trend in the direction of the support line at 163.930000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 170.245 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 168.610000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 176.560000000 |
| 2nd High | 174.000000000 |
| Next High | 168.610000000 |
| Current Price | 167.050000000 |
| Next Low | 163.930000000 |
| 2nd Low | 163.430000000 |
| 3rd Low | 159.120000000 |