SOL / TetherUS
Long
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#SOL/USDT Final Liquidity Zone Before Expansion ?

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#SOL

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

A key support zone (in green) was found at 86.40, and the price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 88.80
First Target: 89.90
Second Target: 91.90
Third Target: 94.43

Stop Loss: At the resistance zone (in green)

Remember this simple rule: Money Management.

Any questions, please leave a comment.

Thank you.
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#SOL
First Target: 89.90
Second Target: 91.90

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