🚀 Urgent update for Solana: Are we preparing for the next explosion?
In the attached image, we clearly see the movement of the currency $SOL against $USDT, where an important and critical support level is being tested.
📊 Quick technical reading:
Support and resistance areas: the chart shows a violent rebound from a previous low, providing a strength signal for buyers. The price is now gathering momentum to break through the nearby local peak. MA60 indicator (the gray line): we observe the price fluctuating around this moving average, indicating a state of "confusion" in the market before determining the next direction.
🎯 Recommended strategy:
As long as we have held the currency since our golden average cost ($90.67), there is no need for early selling. The current movement looks like accumulation for a launch towards our upper targets (over $100). The next breakout of the resistance level could be very swift.
💬 Discussion question:
Based on this chart, do you see the next close being above the $100 level? Or will we need more time before the price explosion? Share your thoughts! 👇
#BinanceSquare #Solana #CryptoAnalysis #TradingStrategy #HODL #InvestSmart
In the attached image, we clearly see the movement of the currency $SOL against $USDT, where an important and critical support level is being tested.
📊 Quick technical reading:
Support and resistance areas: the chart shows a violent rebound from a previous low, providing a strength signal for buyers. The price is now gathering momentum to break through the nearby local peak. MA60 indicator (the gray line): we observe the price fluctuating around this moving average, indicating a state of "confusion" in the market before determining the next direction.
🎯 Recommended strategy:
As long as we have held the currency since our golden average cost ($90.67), there is no need for early selling. The current movement looks like accumulation for a launch towards our upper targets (over $100). The next breakout of the resistance level could be very swift.
💬 Discussion question:
Based on this chart, do you see the next close being above the $100 level? Or will we need more time before the price explosion? Share your thoughts! 👇
#BinanceSquare #Solana #CryptoAnalysis #TradingStrategy #HODL #InvestSmart