SOL/BTC – 30M – SELLThe pair jumps from the ascending trendline down.
A bearish descent down to the next support at 0.002489000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002638900 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0025761004 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.002638900 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002638900 |
| Current Price | 0.002633700 |
| Next Low | 0.002489000 |
| 2nd Low | 0.002487200 |
| 3rd Low | 0.002457100 |