$SOL is stuck in a range. Here is what breaks it
SOL is trading at 92.3, down 1.4% in the last 24 hours.
The trend is up and every dip keeps getting bought.
The chart is squeezing into a descending channel; these usually end with a sharp move.
The simple picture:
If it breaks and holds above 93.39, buyers win and higher prices are likely.
If it falls below 91.34, sellers win and lower prices are likely.
Until one of those happens, doing nothing is a completely fine strategy.
Trade SOL: spot https://www.binance.com/en/trade/SOL_USDT | futures https://www.binance.com/en/futures/SOLUSDT
$SOL #SOL #Write2Earn #USDollarFallsToThreeMonthLow #Crypto
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
SOL is trading at 92.3, down 1.4% in the last 24 hours.
The trend is up and every dip keeps getting bought.
The chart is squeezing into a descending channel; these usually end with a sharp move.
The simple picture:
If it breaks and holds above 93.39, buyers win and higher prices are likely.
If it falls below 91.34, sellers win and lower prices are likely.
Until one of those happens, doing nothing is a completely fine strategy.
Trade SOL: spot https://www.binance.com/en/trade/SOL_USDT | futures https://www.binance.com/en/futures/SOLUSDT
$SOL #SOL #Write2Earn #USDollarFallsToThreeMonthLow #Crypto
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.