SOL : wait for buy
Updated
Detailed Analysis of SOL/USDT Chart By AhmadArz📊
Key Levels and Zones
Support and Resistance Zones:
Support Zones:
118.69 - 120.00 USDT: This is the lower major support zone marked in red. 🔴
130.93 - 132.00 USDT: Another support zone where price action might find support. 🟢
Resistance Zones:
150.77 - 158.89 USDT: This is the first major resistance zone marked in red, with the grey shaded area indicating a potential supply zone. 🔴
170.02 - 175.60 USDT: This is a higher resistance zone indicating potential targets if the price breaks above the lower resistance. 🔴
Signal : 💲
Entry :136.65⬅️
Stop Loss : 130.93🔴
TP 1: 141.94 USDT 🎯
TP 2: 146.40 USDT 🎯
TP 3: 150.77 USDT 🎯
TP 4: 158.89 USDT 🎯
TP 5: 163.98 USDT 🎯
TP 6: 170.02 USDT 🎯
Trend Analysis
Downtrend: The chart shows a general downtrend, with lower highs and lower lows being formed. 📉
Current Pullback: The price recently pulled back from the resistance zone around 150.77 USDT and is now testing lower levels. 🔄
Price Action
Current Price: The current price is around 137.92 USDT, and it appears to be testing the minor support level at approximately 136.65 USDT. 🔍
Possible Rebound: If the price holds above the minor support level, it could attempt to bounce back and test the resistance levels again. 🔄
Potential Scenarios
Bullish Scenario:
Hold Above Support: If the price holds above the 136.65 USDT support, it might attempt a rebound towards the first resistance level at 150.77 USDT. 📈
Break Above Resistance: If the price breaks above 150.77 USDT, it can target higher levels, potentially reaching the subsequent take profit levels (TP 2 to TP 6). 🚀
Bearish Scenario:
Failing Support: If the price fails to hold above the 136.65 USDT support, it could move down to the next support zone around 130.93 - 132.00 USDT. 📉
Further Downside: A break below the 130.93 USDT support could lead to a further decline towards the major support zone around 118.69 - 120.00 USDT. 🛑
Indicators and Patterns
Candlestick Patterns: Observe for any bullish reversal patterns at support levels or bearish continuation patterns near resistance levels to gauge potential price movements. 🔍
Volume: Higher trading volumes near support or resistance levels can provide additional confirmation of potential breakouts or breakdowns. 📊
Conclusion
The chart indicates critical support and resistance zones that can guide trading decisions. The next move will depend on the price action around the current support level at 136.65 USDT. Traders should look for confirmation signals to determine whether the price will rebound or continue its downward trend. ⚖️
Note
you got TP1 ?Note
you got TP2 ?Note
you got TP3 ?
To receive more signals⬇️⬇️⬇️
Telegram VIP signal channel:📢 t.me/ahmadarzvip
Telegram VIP signal channel:📢 t.me/ahmadarzvip
Related publications
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.