๐จ Head and Shoulders Pattern on SOL/USDT! Ready for a Big Move? ๐จ
๐ฅ Quick Analysis on 15-Minute Timeframe:
A Head and Shoulders pattern has formed on the SOL/USDT chart, often signaling a reversal from bullish to bearish.
โจ Key Levels to Watch:
๐น Resistance:
$194.93 (right shoulder)
$210.06 (left shoulder)
๐น Support:
$181.85 (previous bounce level)
$179.78 (next potential strong support)
๐ Next Candlestick Prediction:
This pattern tends to be followed by a price decline. We can see bearish candlestick patterns such as Bearish Engulfing or a gradual decline with consecutive red candles.
๐ฏ Potential Scalping Targets for the Next 3 Hours:
If price breaks below, the targets are $181.85 and $179.78.
If there is a sign of reversal at support, watch for bullish patterns to exit the position safely.
๐ก Trading Tips:
1๏ธโฃ Use the EMA indicator to confirm the trend direction.
2๏ธโฃ Set a stop loss to manage risk.
3๏ธโฃ Focus on volume to validate a breakout or breakdown.
๐ So, will SOL continue to fall or hold at support? Let's share your analysis in the comments column! ๐