SOLUSDT: Psychological level of 170.00 attracts buyers
Hello everyone, this is my strategy for today:
Currently, the price is trading within a narrow range of the ascending triangle, with prospects of decreasing after retesting the 156.00 level. Despite the overall upward trend.
And if that happens, the price will quickly break out of the support level at 150.00 - 150.00. I expect there to be a correction after breaking the mentioned support level. The consolidation below this level indicates that the market is ready for a correction before further decline. However, if buyers hold above 150.00, the price could test local highs before falling further
Lastly, the buying strategy is still maintained when the price decreases as long as the support level at 140.00 is maintained. It is expected that the price will continue to recover after the correction and reach the lower limit of the uptrend channel and retest the EMA 34, 89 levels.
Currently, the price is trading within a narrow range of the ascending triangle, with prospects of decreasing after retesting the 156.00 level. Despite the overall upward trend.
And if that happens, the price will quickly break out of the support level at 150.00 - 150.00. I expect there to be a correction after breaking the mentioned support level. The consolidation below this level indicates that the market is ready for a correction before further decline. However, if buyers hold above 150.00, the price could test local highs before falling further
Lastly, the buying strategy is still maintained when the price decreases as long as the support level at 140.00 is maintained. It is expected that the price will continue to recover after the correction and reach the lower limit of the uptrend channel and retest the EMA 34, 89 levels.
Trade active
Comment:
SOLUSDT surged closer to 170.00 without correction
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