SOL/BTC – 1H – BUYThe pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.001957600 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.002056100 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.00207825 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.002056100 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002231900 |
| Next High | 0.002056100 |
| Current Price | 0.001974500 |
| Next Low | 0.001957600 |
| 2nd Low | 0.001872200 |
| 3rd Low | 0.001842700 |