Hello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $19.89
T2 = $20.40
T3 = $20.84
T4 = $21.26
AND
T5 = $21.89
Now let's move on to the stop loss in case the market goes down further:
SL1 = $19.45
SL2 = $19.07
SL3 = $18.67
AND
SL4 = $18.12
Looking at the CHOP indicator, we see that the energy is recovering, the MACD indicates the continuation of the local downtrend, while the RSI is approaching the lower limit, which in the coming hours may give the price an upward rebound.
Let's start by setting goals for the near future that we can take into account:
T1 = $19.89
T2 = $20.40
T3 = $20.84
T4 = $21.26
AND
T5 = $21.89
Now let's move on to the stop loss in case the market goes down further:
SL1 = $19.45
SL2 = $19.07
SL3 = $18.67
AND
SL4 = $18.12
Looking at the CHOP indicator, we see that the energy is recovering, the MACD indicates the continuation of the local downtrend, while the RSI is approaching the lower limit, which in the coming hours may give the price an upward rebound.