Breaking News

SOL/USDT (Futures) Potential Upward Movement

SOL/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 98.22, 102.28, 105.27.

Key Support Levels: 93.79, 89.35, 86.01.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after posting a double bottom. The market found buyers below the 89.27 USDT mark where a bar with a long wick to the downside has been left showing that there was a sell climax. A move higher is expected in the coming hours.

SOL/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers to break the bearish trend line to the upside after a Wyckoff accumulation phase which led to a move higher. A lower correction has been posted to the bespoke support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 94.15

TP 1 @ 98.22

TP 2 @ 102.28

Stop Loss @ 90.09

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. You mentioned futures here – do these signals also apply to spot prices ?

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!