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SOL/USDT Final Liquidity Zone Before Expansion ?💥🔥✅💫
#SOL
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading for a bounce. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
A key support zone (in green) was found at 87.00, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 89.00
First Target: 90.15
Second Target: 92.00
Third Target: 94.64
Stop Loss: At the resistance zone (in green)
Remember this simple rule: Money Management.
Any questions, please leave a comment.
Thank you.$SOL