solana dipping to 144 before any upward movement $SOL | Darriuskingk888 on Binance Square

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solana dipping to 144 before any upward movement $SOL 

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What's next for SOLANA?

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Hope you didn't miss that now We moving up now $SOL take position going to 193 #SolanaUSTD ⚡⚡⚡⚡⚡⚡

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We didn't touch 163 but we covered all the imbalance now we go up to 193 $SOL #SolanaUSTD going up

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$SOL we are going to 163 to take a breather 🫁 #SolanaUSTD

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#SolanaUSTD $SOL price action shows a bullish move followed by some consolidation or potential retracement. Key observations for a trade setup: 1. Support and Resistance: There's a clear support zone around the 156.50 and 155.50 levels, where price bounced previously. The 158.00-159.00 region could act as a resistance zone based on past price action. 2. Fibonacci Levels: It appears that the price has reached a Fibonacci retracement level (0.71 or 0.88), which might be signaling a potential reversal point. 3. Price Structure: The price is coming off a significant upward rally, and it's currently experiencing some pullback or consolidation. If the pullback continues and finds support around 157.00, you might see a continuation of the upward trend. Trade Bias: Bullish if the price holds the 157.00 or 156.50 region and starts pushing higher, signaling a continuation of the uptrend. Bearish if price breaks through 156.50 and closes below it, indicating the upward move could be over, and a deeper retracement might follow. If you're looking for an entry: Long near the 157.00-156.50 support zone with a stop below 156.00. Short if the price fails to hold support and starts closing below 156.50, targeting lower levels.

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