Today, the SOL/USDT pair continues on its bearish path, with strong support from bearish investors. Specifically, the sell signal is reinforced when both EMA 34 and 89 show that the downtrend is not weakening.
In addition, the downward trend in price is further confirmed by the fact that the price channel continues to narrow without facing any opposition. This creates a unique opportunity for short-term traders looking to exploit the selling trend. I am considering entering a new short position as soon as the price approaches and turns down from the upper boundary of the price channel and towards the 34 EMA.
In addition, the downward trend in price is further confirmed by the fact that the price channel continues to narrow without facing any opposition. This creates a unique opportunity for short-term traders looking to exploit the selling trend. I am considering entering a new short position as soon as the price approaches and turns down from the upper boundary of the price channel and towards the 34 EMA.
Trade active
Trade active
Trade closed: target reached
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