‼️ ANALYSIS #SOLANA 08/04 - Update 🥷
After months of climbing, #SOL decided to take a break within the 112 region... which now becomes RESISTANCE.
On Sunday, it pulled up to the strong support of the analysis at 95, confirming our BOTTOM. If the price loses the bottom, we will have a significant drop... if you are well positioned, don't worry, it will only be to seek liquidity and possibly come back with strength. We call this a “bear trap”.
For those who like to enter at the wrong time, every time they see a rebound: The behavior of the OBV in continuous decline, even with some bullish candles, suggests distribution. In other words, the big players are probably selling on the rebounds. GOT IT?! If you slept on the spot, it's a net!
——— NOTE: 🥷👇🏽
🔴 Short-term trend: Bearish.
🟢 Medium-term trend: Bullish.
🪂STRONG support: 95 (BOTTOM ALERT!) | 100
🔻Bottom low (support): 75
🔥 Resistance: 112 | 132 (updated)
🥊 STRONG resistance: 176 | 205
🤾🏽♀️Partial: 163 | 180
✅ Target point (Medium term): 265 | 300
Conservative entry: Wait for the weekly reversal candle above 112 and OBV to rise again. Or wait for a possible touch again at 95 with a rejection candle for entry with more controlled risk.
WHAT SHOULD WE WATCH OUT FOR??? If it goes above 132 with strength, then we return to the game on the front line very well positioned. Then it's time to run for the hug and PARTIALLY... but there's still a long way to go... 😂
Leave a like to help deliver the post, this also helps me stay firm here with you. Reciprocity. 👊🏽🚀
$SOL
$BTC
#TrumpTariffs #BinanceAlphaAlert #VoteToListOnBinance
After months of climbing, #SOL decided to take a break within the 112 region... which now becomes RESISTANCE.
On Sunday, it pulled up to the strong support of the analysis at 95, confirming our BOTTOM. If the price loses the bottom, we will have a significant drop... if you are well positioned, don't worry, it will only be to seek liquidity and possibly come back with strength. We call this a “bear trap”.
For those who like to enter at the wrong time, every time they see a rebound: The behavior of the OBV in continuous decline, even with some bullish candles, suggests distribution. In other words, the big players are probably selling on the rebounds. GOT IT?! If you slept on the spot, it's a net!
——— NOTE: 🥷👇🏽
🔴 Short-term trend: Bearish.
🟢 Medium-term trend: Bullish.
🪂STRONG support: 95 (BOTTOM ALERT!) | 100
🔻Bottom low (support): 75
🔥 Resistance: 112 | 132 (updated)
🥊 STRONG resistance: 176 | 205
🤾🏽♀️Partial: 163 | 180
✅ Target point (Medium term): 265 | 300
Conservative entry: Wait for the weekly reversal candle above 112 and OBV to rise again. Or wait for a possible touch again at 95 with a rejection candle for entry with more controlled risk.
WHAT SHOULD WE WATCH OUT FOR??? If it goes above 132 with strength, then we return to the game on the front line very well positioned. Then it's time to run for the hug and PARTIALLY... but there's still a long way to go... 😂
Leave a like to help deliver the post, this also helps me stay firm here with you. Reciprocity. 👊🏽🚀
$SOL
$BTC
#TrumpTariffs #BinanceAlphaAlert #VoteToListOnBinance