Solana SOLUSDT after pull and resistance
Updated
Hello, I am sharing next Idea after Solana pullback and reach my targeted price from before.
I revise this Fibonacci Trend base point and I add Pitchfork base between Candle trend from highest Volume to lowest Volume in Hourly.
Well as we can see, there is chance from this price 159 will go down as RSI shows Sell Pressure, but how low will SOL go?
In here, if we put SHORT from 160.27 then be alert at price 152.44, this is Middle Line of Pitchfork, maybe there will pullback Up again.
If price keep going down then Take Profit at price 150.23 then 145.266.
But I predict this Selling Pressure will not happen for today, it will take 24 hours completion before this can happen.
So I suggest, please wait and be patient before opening SHORT position.
There is chance that Market does not follow this Pitchfork Channel.
I revise this Fibonacci Trend base point and I add Pitchfork base between Candle trend from highest Volume to lowest Volume in Hourly.
Well as we can see, there is chance from this price 159 will go down as RSI shows Sell Pressure, but how low will SOL go?
In here, if we put SHORT from 160.27 then be alert at price 152.44, this is Middle Line of Pitchfork, maybe there will pullback Up again.
If price keep going down then Take Profit at price 150.23 then 145.266.
But I predict this Selling Pressure will not happen for today, it will take 24 hours completion before this can happen.
So I suggest, please wait and be patient before opening SHORT position.
There is chance that Market does not follow this Pitchfork Channel.
Note
6 Hours ago sudden Price Increase happen as its Volume Increase over Volume MA 50.This increase reaching Fibo 0.5 (168) and almost break up from this Pitchfork. I suggest waiting SOL Price down to 160.27 for SHORT position and follow Above Strategy.
Please be cautious if Price go Up again, then This Pifchfork should be revise later.
Trade active
Short positionTrade closed: target reached
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