Good morning, loveliest followers! ☀️ A strong bullish rebound is opening up exciting trading opportunities as this day begins.
Quick technical update on the surging $SOL ! 📊 The coin is now trading at $104.05 after an excellent bounce from the low. Here are the key support and resistance levels on the 15-minute timeframe:
📉 Nearby support levels:
• First support: $103.75 (the pink MA25 moving average as a key support).
• Strongest support: $101.97 (the lowest minor swing low from which the current wave began).
🚀 Target resistance levels:
• First resistance: $104.33 (the current intraday high being tested by the price).
• Second resistance: $105.26 (the stronger purple MA99 moving average).
💡 The price action of $SOL shows a strong desire to recover, and a break above $104.33 would pave the way for the rapid corrective rally to continue. Share your outlook by voting below! 👇
Poll question:
What is the next direction for SOL after touching the $104.33 resistance?
Options:
🟩 Break through resistance and continue rising toward $105
🟥 Pull back slightly to retest the $103.75 support
#SOL #CryptoTrading #Altcoins #BinanceSquare
Quick technical update on the surging $SOL ! 📊 The coin is now trading at $104.05 after an excellent bounce from the low. Here are the key support and resistance levels on the 15-minute timeframe:
📉 Nearby support levels:
• First support: $103.75 (the pink MA25 moving average as a key support).
• Strongest support: $101.97 (the lowest minor swing low from which the current wave began).
🚀 Target resistance levels:
• First resistance: $104.33 (the current intraday high being tested by the price).
• Second resistance: $105.26 (the stronger purple MA99 moving average).
💡 The price action of $SOL shows a strong desire to recover, and a break above $104.33 would pave the way for the rapid corrective rally to continue. Share your outlook by voting below! 👇
Poll question:
What is the next direction for SOL after touching the $104.33 resistance?
Options:
🟩 Break through resistance and continue rising toward $105
🟥 Pull back slightly to retest the $103.75 support
#SOL #CryptoTrading #Altcoins #BinanceSquare