$SOL - price update: 🎯
Very neutral area on the [H4].
Prices may range between the 153 - 138$ levels.
Zooming on my second chart (daily view); we can noticed that the 185 - 125$ area is acting as a multi weeks of sideway phase!
The 118 - 125$ area is a multi years support zone and once again prices is traded at this low.
It wont be break easely and it might range aroud that zone for a while.
Zooming on the daily, prices are flipped bearish and are consolidating below the precedent key support at / around 153 - 155$
👀What could possibly be see next??
🔹A test of the 155 - 153$ area, before to see another test of the 120$ area! ?? 📉
🔸If prices manage to consolidate and break above 155$, then it will surely head toward 185$ - 180$ again!
Seeing a trap to grab liquidity around 115 - 118$ is also possible.
Accumulating [DCA] around the 120 - 125$ area may be a good idea for the long term.
🔴Note:
A weekly candle close below 115$ will surely lead to a dump toward 80 - 75$
For now prices are holding above major supports so we can expect some bull reaction once again.
There is no clear direction, trading it yet, may be very risky, except on levels mentionned.
#TradingSignals #SolanaUSTD #solana