📉 $SOL
Analysis: Downward Channel Continuation
Solana is currently trading near $73.36, continuing its movement within a clear descending channel. Here is the trade plan and key levels to watch 👇
📌 Technical Breakdown:
🔴 Resistance & Trendline: Price has been repeatedly rejected from the upper blue trendline (red circles). As long as we stay below it, the overall structure remains bearish.
🟣 Support Zone (72.00 – 72.50): The purple box marks local support. A breakdown below this zone confirms sellers' strength.
🔵 SHORT Trigger Level (73.00): Looking for a short setup if price breaks below the blue line labeled SHORT (73.00).
🟡 Target Level (69.50 – 70.00): If $73.00 breaks down, the primary target for this short continuation is near the lower channel boundary (yellow circle).
💡 Trading Plan: Watch for confirmation near the $73.00 trigger level before entering. Keep risk tight! 🛡
$XRP $BTC #TrendingTopic #Write2Earn! #cryptosignals #BinanceSquare #MarketAnalysis
Analysis: Downward Channel Continuation
Solana is currently trading near $73.36, continuing its movement within a clear descending channel. Here is the trade plan and key levels to watch 👇
📌 Technical Breakdown:
🔴 Resistance & Trendline: Price has been repeatedly rejected from the upper blue trendline (red circles). As long as we stay below it, the overall structure remains bearish.
🟣 Support Zone (72.00 – 72.50): The purple box marks local support. A breakdown below this zone confirms sellers' strength.
🔵 SHORT Trigger Level (73.00): Looking for a short setup if price breaks below the blue line labeled SHORT (73.00).
🟡 Target Level (69.50 – 70.00): If $73.00 breaks down, the primary target for this short continuation is near the lower channel boundary (yellow circle).
💡 Trading Plan: Watch for confirmation near the $73.00 trigger level before entering. Keep risk tight! 🛡
$XRP $BTC #TrendingTopic #Write2Earn! #cryptosignals #BinanceSquare #MarketAnalysis