Solana (SOL) – May 17
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(SOLUSDT 1W Chart)
Resistance: 84.57-105.89
Support: 46.85-58.38
It is important to see support by rising above 58.38.
So, we need to see if it rises above 58.38.
(1D chart)
If possible, I think it is good to proceed with trading when it rises above the 72.78-84.57 section.
However, since there is a resistance section in the 101.73-105.89 section, careful trading is required.
(buy)
– After confirming the support at 84.57
(Stop Loss)
– When it falls below 72.78
(Sell)
– When receiving resistance near 105.89
– When receiving resistance near 152.76
(buy)
– After confirming the support at 58.38
(Stop Loss)
– When it falls below 46.85 and receives resistance
(Sell)
– When resistance is received in the 72.78-84.57 section
– When receiving resistance near 105.89
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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