SOL/BTC – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.002250700 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.002354000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00228155 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.002354000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002411800 |
| 2nd High | 0.002397700 |
| Next High | 0.002354000 |
| Current Price | 0.002311500 |
| Next Low | 0.002250700 |
| 2nd Low | 0.002247800 |
| 3rd Low | 0.002226800 |