SOL/BTC – 1H – SELLThe combination goes from the ascending trendline downwards
A bearish movement down to the next support line at 0.002251000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.002311200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0022505 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.002311200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002384500 |
| 2nd High | 0.002364900 |
| Next High | 0.002311200 |
| Current Price | 0.002308000 |
| Next Low | 0.002251000 |
| 2nd Low | 0.002136100 |
| 3rd Low |