SOL/BTC – 1H – SELLThe combination moves from the bullish trendline down.
A bearish trend down to the next support line at 0.002371500 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.002428500 should be noted.
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. Current target is 0.00233975 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.002428500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002523400 |
| 2nd High | 0.002506300 |
| Next High | 0.002428500 |
| Current Price | 0.002375800 |
| Next Low | 0.002371500 |
| 2nd Low | 0.002332400 |
| 3rd Low | 0.002298100 |