Solana is in a major bearish trend and recovery moves toward the upside remain weak. Serious buyers are not entering Solana around this area.
There is a liquidity pool above the chart and behind this pool there is a strong order block. It is expected that upon hitting the order block the price may experience a significant drop and move toward the marked targets.
In the support area we are looking for sell or short zones.
For the first target consider breaking even.
A daily candle closing above the invalidation level will invalidate this analysis.
If you would like us to analyze a coin or altcoin for you, first like this post, then comment the name of your altcoin below.
What is your opinion about SOLANA?
There is a liquidity pool above the chart and behind this pool there is a strong order block. It is expected that upon hitting the order block the price may experience a significant drop and move toward the marked targets.
In the support area we are looking for sell or short zones.
For the first target consider breaking even.
A daily candle closing above the invalidation level will invalidate this analysis.
If you would like us to analyze a coin or altcoin for you, first like this post, then comment the name of your altcoin below.
What is your opinion about SOLANA?
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After hitting the supply zone, it dropped more than 8% and the first target was reached.
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🔥 Exclusive signals are only published on our Telegram channels.
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🔥 High profit futures and spot signals are published only on our Telegram
t.me/iMoney_T
🔥 We provide signals and analysis on Telegram hourly and daily
t.me/iMoney_T
🔥 Exclusive signals are only published on our Telegram channels.
t.me/iMoney_T
🔥 We provide signals and analysis on Telegram hourly and daily
t.me/iMoney_T
🔥 Exclusive signals are only published on our Telegram channels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.