The fight of Bull and Bear for SOL
Updated
SOL is at a very important level.
The uptrend channel is broken and currently retest the level of $193, if rebound, we could visit $230+ again and if fail to do so, the next level would be $170+ and if further down, $130+ level.
No entry for me at the moment, and lets monitor how SOL develop in the next few days.
Interesting to note that on weekly TF, the MACD is very close to death cross.
The uptrend channel is broken and currently retest the level of $193, if rebound, we could visit $230+ again and if fail to do so, the next level would be $170+ and if further down, $130+ level.
No entry for me at the moment, and lets monitor how SOL develop in the next few days.
Interesting to note that on weekly TF, the MACD is very close to death cross.
Trade active
We are officially in a short term down trend for SOL.Expect a retracement to $188 from current level of $173 and lets see check again how the market develops.
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Holding at $170 would be key for this weekend and would signal SOL is reversing the trend and could potentially move up from here again.
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