$SOL 2 Daily MACD has returned to zero, and the decline is slowing.
The 2-day line support is 99.85. Price has retested this level from yesterday into today and could easily rebound to 101.5–102.5. The decline may accelerate from tomorrow through Friday. 98.25 and 97.85 are the weekly and 3-day line supports, respectively; the 5-day Bollinger middle band is at 97.25. These three levels are close together, so just pick one for an initial position.
The extreme downside target is the weekly Bollinger middle band at 92.65, but price would first need to break below 95 to reach it. If going long at these levels, look first to 101.65–103.25 as near-term resistance on the rebound.
The 2-day line support is 99.85. Price has retested this level from yesterday into today and could easily rebound to 101.5–102.5. The decline may accelerate from tomorrow through Friday. 98.25 and 97.85 are the weekly and 3-day line supports, respectively; the 5-day Bollinger middle band is at 97.25. These three levels are close together, so just pick one for an initial position.
The extreme downside target is the weekly Bollinger middle band at 92.65, but price would first need to break below 95 to reach it. If going long at these levels, look first to 101.65–103.25 as near-term resistance on the rebound.
