SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 199.730000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 222.800000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 201.09596 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 222.800000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 224.000000000 |
| Next High | 222.800000000 |
| Current Price | 205.870000000 |
| Next Low | 199.730000000 |
| 2nd Low | 194.860000000 |
| 3rd Low | 185.960000000 |