$PYTH Price is forming a descending channel on the daily c | Imran Rai on Binance Square

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$PYTH 
Price is forming a descending channel on the daily chart💁‍♂️
A bounce from support could lead to a channel breakout📈
Successful breakout might trigger a 100-150% bullish impulse🚀
#IntroToCopytrading 

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Technical Analysis Report: $SOL /USDT Current Price: $137.00 USDT Key Observations: The SOL/USDT pair is currently experiencing consolidation after a significant price increase that peaked at $161.78. The chart displays a strong support level at around $127.07, marked by the recent low. Resistance is forming near the $150.00 area, suggesting potential pressure from sellers. Trading Strategy: Long Trade: Entry Point: Consider entering above the recent minor resistance at $140.00, as this indicates further bullish momentum. Targets: Target 1: $145.00 - Near-term psychological resistance. Target 2: $150.00 - Previous high resistance, significant due to recent rejections. Target 3: $155.00 - Stretch target, in case of extended bullish momentum. Stop Loss: $132.00 - Just below the recent consolidation zone to minimize potential downside. Short Trade: Entry Point: Enter below $132.00, if the price breaks below this level as it may signal a rejection of the upward trend. Targets: Target 1 Short: $128.00 - Near-term support level. Target 2 Short: $125.00 - Psychological support and potential bounce area. Target 3 Short: $120.00 - In case of a bearish momentum extension. Stop Loss: $140.00 - Above the recent minor resistance to allow for market fluctuations. #Solana_Blockchain

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$SOL /USDT Technical Analysis Update.. $SOL again down to $140.. A big loser .. $SOL is currently facing a significant drop, trading at $136.673, reflecting a sharp decrease of 7.14% today. This pullback from the day's high of $148.48 to a new low at $136.503 indicates strong selling pressure. Traders should keep an eye on this level as a potential support zone; if it breaks, we could see further downside. Conversely, any recovery above this level might present a buying opportunity, particularly if Solana can reclaim and stabilize above $140. Keep monitoring closely, as the next few hours could dictate the short-term direction of this dynamic market. Stay alert for shifts in volume and sentiment. #EIGENonBinance #SECFilesAppealRipple #BinanceLaunchpoolHMSTR

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