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Hello everyone!š¤
Today we will analyze the SOLUSDT asset on the 1H chart.
Current situation
As we can see on the chart, we are in a local downtrend. At the moment, a strong level has been formed above 227.43. This level was formed due to three local highs, which are at the same mark. Also, before the formation of the last local high, liquidity was collected below 217.40, which is a good sign. Now the price is trading at 223.66.
Expectations
At the moment, the ideal for me would be for the price to go below 215.62. After that, in the active phase, I expect the local highs to be updated above 227.43, since the stronger the level, the more it attracts the price to itself. 3 replies
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