it will be prolonged downfall
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Hayes_insight
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The Daily trend has established a strong support base and is showing early signs of a potential reversal after a prolonged downtrend. Price is currently consolidating above the 116.70 level, indicating seller exhaustion and a potential accumulation phase. This higher timeframe support provides a solid foundation for a tactical long entry.
The trigger for this setup is the anticipated shift in momentum on the lower timeframes. We are looking for the 1H RSI to decisively cross and hold above the 50 level. This would confirm that short-term buying pressure is overwhelming sellers and that the price is ready to lift off the daily support. This RSI break above 50, combined with price action reclaiming key short-term EMAs on the 1H chart, signals the start of a new upward impulse. Entering now positions us at the beginning of this potential relief rally, targeting the overhead resistance levels that were established during the recent decline.
##USNonFarmPayrollReport #SOL
$SOL
The trigger for this setup is the anticipated shift in momentum on the lower timeframes. We are looking for the 1H RSI to decisively cross and hold above the 50 level. This would confirm that short-term buying pressure is overwhelming sellers and that the price is ready to lift off the daily support. This RSI break above 50, combined with price action reclaiming key short-term EMAs on the 1H chart, signals the start of a new upward impulse. Entering now positions us at the beginning of this potential relief rally, targeting the overhead resistance levels that were established during the recent decline.
##USNonFarmPayrollReport #SOL
$SOL
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