SOL/USDT – 30M – SELLThe pair jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 155.090000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 161.780000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 156.45092 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 161.780000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.300000000 |
| 2nd High | 162.000000000 |
| Next High | 161.780000000 |
| Current Price | 157.070000000 |
| Next Low | 155.090000000 |
| 2nd Low | 155.000000000 |
| 3rd Low | 153.850000000 |