🔥 Selling opportunity on SOL$SOL coinciding with BTC weakness!
The SOL$SOL currency is currently trading within an important resistance area between 194 - 200, amidst a decline in BTC momentum. Continued weakness in Bitcoin may push alternative currencies for further correction, and SOL$ is a candidate for potential decline if 200 is not firmly breached.
📉 Sell trade (Short):
Entry area: 194 - 200
Stop Loss (SL): 207
🎯 Targets (TP): 1️⃣ TP1: 188
2️⃣ TP2: 180
3️⃣ TP3: 172
4️⃣ TP4: 164
📊 Quick technical outlook:
RSI shows clear overbought conditions.
MACD is approaching a negative crossover.
The area between 194-200 has historically formed strong resistance.
⚠️ Alert: Closing a daily candle above 207 invalidates this scenario, and it is preferable to exit the trade.
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