$SOL Updates and analysis
Aftr 4 weeks of trending market solusdt finally seems went to a short term consolidation phase before it resumes it's bullish journey.
Though there may be a volatility and correction in short term , Market is in bullish trend.So better stay in bullish trend rather than against the market trend.
Here is a major key points to watch for solana:
Resistance1-158
Resistance 2 - 180
Support,s1- 139
Trading range - 139 to 158
sentiment - nutral
position - Watch and see or trade with a strict stoploss . stoploss should be below 139
Trend- positive and uptrend
Bullish view above - R1 ,158.
if solana climbs above R1 ,it's next target will be 180,i.e R2
bearish view - below 138,i.e S1,
if solana loses its point and breaks 138 support
then it will slip out of from its bulls consolidation phase and bearish trend will resume.
Today's view - bullish and can test Beck 158 resistance or may breakout.
Hope this will help you guys .Thank you and happy trading.