SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 193.500000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 221.740000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 193.5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 221.740000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 227.560000000 |
| 2nd High | 223.890000000 |
| Next High | 221.740000000 |
| Current Price | 196.860000000 |
| Next Low | 193.500000000 |
| 2nd Low | 185.960000000 |
| 3rd Low | 185.840000000 |