SOLUSDT, Thu 01 Aug, Updated 1!
A new analysis on price action Solana!
In the daily candle, the price of Sol decreased from April 1 to April 13.
A sharp and relatively quick downward movement from the price of 203 to 112.
Then it went up and fell again to the price of 118 and from there it went up to 189 (May 21).
The price of 176 is the buy stop line, which was broken by this upward movement.
But it didn't reach the price of 192 (red FVG) and then it went down again.
Of course, after touching the price of 176, the price went down and continued until June 24.
It went up a bit and reached the price of 121 again (July 5) and the price went up until the 29th of July and the FVJ touched the upper red color.
It is the fourth day that the price has been bearish, an FVG has been formed between the second and fourth day.
Result:
Regardless of what levels of Fibonacci the price touches (32, 50 or 62%), but the price will definitely return to the FVG (between the second and fourth day) and you can get a good High profitably short!
This is not a buy or sell or trade offer, this is just an analysis and an idea!
In the daily candle, the price of Sol decreased from April 1 to April 13.
A sharp and relatively quick downward movement from the price of 203 to 112.
Then it went up and fell again to the price of 118 and from there it went up to 189 (May 21).
The price of 176 is the buy stop line, which was broken by this upward movement.
But it didn't reach the price of 192 (red FVG) and then it went down again.
Of course, after touching the price of 176, the price went down and continued until June 24.
It went up a bit and reached the price of 121 again (July 5) and the price went up until the 29th of July and the FVJ touched the upper red color.
It is the fourth day that the price has been bearish, an FVG has been formed between the second and fourth day.
Result:
Regardless of what levels of Fibonacci the price touches (32, 50 or 62%), but the price will definitely return to the FVG (between the second and fourth day) and you can get a good High profitably short!
This is not a buy or sell or trade offer, this is just an analysis and an idea!
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