$SOL is approaching a decision zone. Price is near 75.30 on the four hour chart and #momentum remains weak. Sellers have the short term advantage as SOL stays below the moving averages. The structure is supported which prevents a #bearish outlook.
Support is near 75.00. A breakdown could open toward 74.55 and 73.95. On the upside 75.80 is #resistance followed by 76.05 and 77.05. These levels could decide the next move.
For now patience is important. A breakout with volume can provide confirmation. Avoid chasing price and wait for a setup before entering.
Disclaimer :
These are my own observations .
Do your own research .
$SOL
Support is near 75.00. A breakdown could open toward 74.55 and 73.95. On the upside 75.80 is #resistance followed by 76.05 and 77.05. These levels could decide the next move.
For now patience is important. A breakout with volume can provide confirmation. Avoid chasing price and wait for a setup before entering.
Disclaimer :
These are my own observations .
Do your own research .
$SOL