Current trend: $SOL
Current price: $174.33.
Daily drop: -1.39%, indicating a slight correction after the rise.
Highest price in the last 24 hours: 177.20
Lowest price in the last 24 hours: 166.18
Technical signals:
1. Candles:
There is a bearish candle after several strong bullish candles, indicating resistance at the 181.46 area.
The last candle has a long upper shadow, indicating selling pressure from above.
2. SAR Indicator (yellow dots):
Still below the price, which is a bullish signal but very close to the price, indicating a potential reversal.
3. MACD Indicator:
The difference between DIF and DEA is 2.24, indicating that momentum is still positive, but there is some slowdown in momentum.
4. Stochastic RSI Indicator:
Current value is 75.71, and the stochastics is at 83.54, both in the overbought area, which may indicate an upcoming downward correction.
Summary:
Short-term trend: The price seems to be correcting after a strong rise from 140 to 181.
Probability of the next movement:
If the price holds above $170 with strong trading volume, it may rise again to test 181 and possibly break it.
However, if it breaks below 170, it may retest support areas like 165-160.
#TradeLessons #CryptoCPIWatch #CryptoRoundTableRemarks #BinanceAirdropNXPC #TradeWarEases