๐ Recent Correction:
Over the last two weeks, SOL has been undergoing a correction.
๐ Potential Retracement:
Possibility of further retracement to test support at $85 or the next support area at $75 - $80.
๐ Trade Opportunity:
Long trade opportunity may arise in the support area, contingent on a successful test and hold.
๐ฃ Key Levels:
If it breaks through the $105 - $110 resistance on a higher time frame, the next level is at $140 - $150.
๐ Market Dynamics:
SOL's movements are contingent on testing and holding key support and resistance levels.
๐ฐ๐ก Conclusion:
Potential long trade opportunity if support holds at $85 or $75 - $80.
Breakthrough of $105 - $110 resistance may signal further upward movement.
#SOLAnalysis #CryptoTrading #MarketWatch
Over the last two weeks, SOL has been undergoing a correction.
๐ Potential Retracement:
Possibility of further retracement to test support at $85 or the next support area at $75 - $80.
๐ Trade Opportunity:
Long trade opportunity may arise in the support area, contingent on a successful test and hold.
๐ฃ Key Levels:
If it breaks through the $105 - $110 resistance on a higher time frame, the next level is at $140 - $150.
๐ Market Dynamics:
SOL's movements are contingent on testing and holding key support and resistance levels.
๐ฐ๐ก Conclusion:
Potential long trade opportunity if support holds at $85 or $75 - $80.
Breakthrough of $105 - $110 resistance may signal further upward movement.
#SOLAnalysis #CryptoTrading #MarketWatch