Hello my fellow TraderZ...
Today I'm here with
SOL #SOL/USDT chart.
In recent move towards upside, SOLANA unable to break the Resistance Zone of 48-50. And with weaker Price Action forming Double Top rejecting the price to drop further -38%.
Now it can be seen clearly that price is consolidating at this local Support but still the Volume showing weaker demands. So I'm expecting further drops to test $25-26 low, alongwith #BITCOIN testing its low around 18k.
Also, Negative Futures Funding could also lead to a Short Squeeze to the Resistance area as mentioned in the chart.
NOTE : TraderZ if you like my idea, please LIKE it and give me a FOLLOW to encourage me to bring more such contents. Also comment below your favourite coins so that I bring the CHART IDEAS with your NAME mentioned here.
Today I'm here with
SOL #SOL/USDT chart.In recent move towards upside, SOLANA unable to break the Resistance Zone of 48-50. And with weaker Price Action forming Double Top rejecting the price to drop further -38%.
Now it can be seen clearly that price is consolidating at this local Support but still the Volume showing weaker demands. So I'm expecting further drops to test $25-26 low, alongwith #BITCOIN testing its low around 18k.
Also, Negative Futures Funding could also lead to a Short Squeeze to the Resistance area as mentioned in the chart.
NOTE : TraderZ if you like my idea, please LIKE it and give me a FOLLOW to encourage me to bring more such contents. Also comment below your favourite coins so that I bring the CHART IDEAS with your NAME mentioned here.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.