SOLUSDT → Countertrend correction and hunt for liquidity

7월 1일

SOLUSDT looks quite promising on the bullish side. The price is testing one of the key resistance levels within the local trend rally. A correction is forming. Is it beneficial for us?



On the higher timeframe, we see a change in character, a breakout of the trend resistance, and the formation of an upward trend support line. Bitcoin is still bullish (locally) at this time, but it is consolidating, which generally provokes a correction in SOL as well. Focus on the 150-149 area. If the bulls are able to keep the price above this zone after the retest, followed by the formation of momentum, this can be considered a positive medium-term sign.
Locally, the price within the trading range of 149.36 - 158 is heading towards the area of interest and liquidity (eql) at 149.36. The current sell-off is most likely triggered by a large player seeking a more favorable entry into the market.

Resistance levels: 154.75, 156.8
Support levels: 149.36, 147.93

In the current situation, it makes the most sense to consider an intraday trading strategy. A countertrend correction and a retest of support could attract buyers...

Best regards, R. Linda!

7월 3일

액티브 트레이드

7월 12일

거래청산: 타겟 닿음

158.68 reached