SOL | Technical analysis (3D timeframe)
Hello Traders,
There is no doubt that Solana is one of the most talked-about coins in the last two years.
Solana already made +200% from its lower bottom but we are still on the downtrend we may consider the last rise as a correction in a bigger bearish wave.
Solana is now testing the upper trendline which is a huge resistance.
if we are able to get a weekly close above 25$, this will be a very bullish signal and we may open long positions, our targets will be 37 and 45.
If Bulls fail to break this level(25$), that's the most likely will happen, we should see a retracement to 20$, 16$, and 12$.
Also, I don't see any blocker to make a new lower low in the mid-term, so please use a very strict risk and capital management strategy and don't gamble with your money.
There is no doubt that Solana is one of the most talked-about coins in the last two years.
Solana already made +200% from its lower bottom but we are still on the downtrend we may consider the last rise as a correction in a bigger bearish wave.
Solana is now testing the upper trendline which is a huge resistance.
if we are able to get a weekly close above 25$, this will be a very bullish signal and we may open long positions, our targets will be 37 and 45.
If Bulls fail to break this level(25$), that's the most likely will happen, we should see a retracement to 20$, 16$, and 12$.
Also, I don't see any blocker to make a new lower low in the mid-term, so please use a very strict risk and capital management strategy and don't gamble with your money.
Trade fermée: cible de profit atteinte
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.