SOL/USDT – 1H – BUYThe currency pair breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 165.040000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 157.820000000 is also possible.
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 expected. Target of the current trend is 170.6 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 165.040000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 168.610000000 |
| 2nd High | 166.930000000 |
| Next High | 165.040000000 |
| Current Price | 164.200000000 |
| Next Low | 157.820000000 |
| 2nd Low | 157.580000000 |
| 3rd Low | 153.450000000 |