SOL/USDT – 30M – SELLThe currency pair goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 163.530000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 170.990000000 is also possible.
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 will continue. Current target is 162.26 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 170.990000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 171.070000000 |
| Next High | 170.990000000 |
| Current Price | 166.030000000 |
| Next Low | 163.530000000 |
| 2nd Low | 160.990000000 |
| 3rd Low | 157.580000000 |