#SOL
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key resistance zone in green at 89.00, and the price has bounced off it several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 85.63
First Target: 83.31
Second Target: 80.53
Third Target: 77.20
Stop Loss: At the resistance zone in green.
Remember this simple rule: Manage your money wisely.
For any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key resistance zone in green at 89.00, and the price has bounced off it several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 85.63
First Target: 83.31
Second Target: 80.53
Third Target: 77.20
Stop Loss: At the resistance zone in green.
Remember this simple rule: Manage your money wisely.
For any questions, please leave a comment.
Thank you.
Сделка закрыта: достигнута тейк-профит цена
#SOLFirst Target: 83.31 Reached
Second Target: 80.53 Reached
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.