SOL/BTC – 4H – SELLThe pair jumps from the bullish trendline down.
A descending movement downwards to the next support at 0.002209100 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.002397700 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.0022684304 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.002397700 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.002460500 |
| Next High | 0.002397700 |
| Current Price | 0.002321500 |
| Next Low | 0.002209100 |
| 2nd Low | 0.002136100 |
| 3rd Low |