$SOL Analysis Updates - trading ideas
SOL looks like other super tokens, still stuck in the pipeline (Figure 1). So this short article only talks about the short-term trading possibilities.
Please see Figure 2. At this time, SOL is already dying above the 200EMA on the daily chart, and it is very likely to lose its support temporarily.
So where will it go(check pic3)? In the short term, it may fall on the short-term trend line, about $138, and then there is a certain probability that it will fall below the trend line, but there will be a support price of about $127 to catch it.
If it moves up, the nearest destination may be around $152.
I hope my analysis will help your own analysis.
Good luck and happy trading everyone😎
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