Technical analysis $SOL day 03-Jul

On the weekly frame: The Weekly Zone (demand zone) around $90 is an important support zone, capable of holding the price in case of a strong downtrend. This is an area where strong buying pressure can appear.

On the daily frame: The Daily Zone (supply zone) near $170 is where the price may encounter strong selling pressure. If the price approaches this zone, many sell orders may appear, pushing the price back down.

Currently, the price: $SOL is in a short-term downtrend, the price has dropped from the supply zone around $170 and is likely to continue to fall to the demand zone around $130. The downtrend line shows that selling pressure is still strong and the downtrend is likely. can continue.

Our current action should be to wait for the price to reach the $130 demand zone to consider buying if there are signs confirming a price increase.

If the price breaks the $130 zone, continue to monitor and wait for a stronger buy signal at the $90 demand zone.

Avoid buying when the price is below the downtrend line unless there is a clear reversal signal.

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