tradertez

Sol Still in Downtrend

Short
tradertez Updated   
COINBASE:SOLUSD   Solana
Sol downtrend still has bearish momentum from rising wedge breakout

160 lower high confirmed, minor lower high confirmed at 150,

Next significant move will either be a break of 156 or testing the low range of 138-132
Comment:
143 level held, 156 has now broken,
ideally would like a pull back to 148 - 143 range for entry for longs
Comment:

Got the retrace I was looking for since last month.
If this level holds, looking to head towards supply level ~200.

if this level does not hold looking for 132 and 116 as next key levels of support.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.