SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support at 149.870000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 157.000000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

Download SOL/USDT Signal Image

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing