SOL/BTC – 1H – BUYThe currency pair moves from the bullish trendline downwards
The bearish trend down to the next support level at 0.002369700 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.002459600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.002396 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.002459600 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 | 0.002459600 |
| Current Price | 0.002376900 |
| Next Low | 0.002369700 |
| 2nd Low | 0.002364000 |
| 3rd Low | 0.002332400 |