c_elyse

$SOL - range analysis

Long
BINANCE:SOLUSDT   SOL / TetherUS

bullish
close above 146 on the next 12h candle

would like to see SOL flip and close the previous weeks resistance as support as confirmation

bearish
any closes on 12h or 1D below 138 and we drop to 115 range

this feels unlikely though as SOL daily candles seem to be closing bullish despite the current down trend
decent value area high at 141 to slow down price if it should go back

weekend is nototrious for having weird PA though

hope you all have a great weekend :)

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.