Hello everyone, let's take a look at the 4H SOL to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 - $ 33.20
T2 - $ 33.70
T3 - $ 35.03
and
T4 - $ 37.20
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 32.86
SL2 - $ 32.37
SL3 - $ 31.97
SL4 - $ 34.58
and
SL5 - $ 31.00
Looking at the CHOP indicator, we can see that in the 4H range the energy started to rise, while the MACD indicator shows a local upward trend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 33.20
T2 - $ 33.70
T3 - $ 35.03
and
T4 - $ 37.20
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 32.86
SL2 - $ 32.37
SL3 - $ 31.97
SL4 - $ 34.58
and
SL5 - $ 31.00
Looking at the CHOP indicator, we can see that in the 4H range the energy started to rise, while the MACD indicator shows a local upward trend.