💡 Ideas For #SOLUSDT 💰
📈 Correction to the resistance of the trading range
———————————————
SOL and the entire crypto market have been recovering (locally) since Monday, following Sunday's decline. There has been no noticeable change in sentiment yet, but the inflow of funds into ETFs is having a positive effect
The daily structure of Solana is extremely bearish. A trend reversal can only be considered if there is a breakout of 95.0 - 100.0 and a gradual renewal of highs. Currently, the overall market structure is bearish.
The global trend is downward, as is the local trend, despite the correction that has been forming since Monday. A local double bottom has formed, but the pressure of the global downward trend remains. As part of the correction, altcoin may test resistance at 85.4, the border of the range before the fall.
Resistance levels: 82.5, 85.44, 89.7
Support levels: 80.7, 76.5
Altcoin is rebounding from a double bottom and forming consolidation in the range of 82.5 - 80.75. A breakout of resistance could trigger a correction to the zone of interest at 85.4, from which I will expect a reversal setup and a decline within the trend
📈 Correction to the resistance of the trading range
———————————————
SOL and the entire crypto market have been recovering (locally) since Monday, following Sunday's decline. There has been no noticeable change in sentiment yet, but the inflow of funds into ETFs is having a positive effect
The daily structure of Solana is extremely bearish. A trend reversal can only be considered if there is a breakout of 95.0 - 100.0 and a gradual renewal of highs. Currently, the overall market structure is bearish.
The global trend is downward, as is the local trend, despite the correction that has been forming since Monday. A local double bottom has formed, but the pressure of the global downward trend remains. As part of the correction, altcoin may test resistance at 85.4, the border of the range before the fall.
Resistance levels: 82.5, 85.44, 89.7
Support levels: 80.7, 76.5
Altcoin is rebounding from a double bottom and forming consolidation in the range of 82.5 - 80.75. A breakout of resistance could trigger a correction to the zone of interest at 85.4, from which I will expect a reversal setup and a decline within the trend