Updating the SOLUSDT chart from 4H to 1D - targets and stoploss
Hi everyone, let's update today's SOL analysis on the 4H interval as you can see The price went up a lot and on 1D intervale we got out of the downward trend line, breaking the previously designated short targets.
Let's start by setting goals for the near future that we can consider:
T1 - $ 31.60
T2 - $ 31.86
T3 - $ 32.06
and
T4 - $ 32.27
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 31.35
SL2 - $ 31.04
SL3 - $ 30.79
SL4 - $ 30.54
and
SL5 - $ 30.19
Looking at the CHOP indicator, we can see that in the 1D range we still have a lot of energy for further moves, while the MACD indicator shows that in the long term we are entering an upward trend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 31.60
T2 - $ 31.86
T3 - $ 32.06
and
T4 - $ 32.27
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 31.35
SL2 - $ 31.04
SL3 - $ 30.79
SL4 - $ 30.54
and
SL5 - $ 30.19
Looking at the CHOP indicator, we can see that in the 1D range we still have a lot of energy for further moves, while the MACD indicator shows that in the long term we are entering an upward trend.
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