$SOL , #solana #SolanaUSTD

Analysis of Current Levels: Strategy and Recommendations

Technical analysis of support and resistance levels is the foundation of successful trading. Let’s examine the current situation:

Daily Chart (D1):

1. Resistance Level 222.82:

Price has previously slowed down and reversed here, as confirmed by long candle wicks.

2. Support Level 175.26:

This level has shown consolidation and bounces in the past.

3. Current Price (189.71):

The price is in a consolidation phase, positioned between key levels, indicating potential movement.

4. Additional Levels:

Add support at 182.50 (frequent tests before bouncing) and resistance at 211.95 to refine the range.

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Local Levels (H4):

1. Level 189.61:

A local resistance zone. A breakout upwards could open the way to 211.95.

2. Level 175.26:

A strong support level with multiple confirmations.

3. Candlesticks and Volumes:

Volumes are decreasing, indicating consolidation. Watch for volume spikes near key levels.

4. Additional Level:

Consider 172.57 as a local extension of support.

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