LIVE$SOL /USDT (4-hour timeframe):
1. Resistance Levels:
- Immediate Resistance:Around 172-174 (highlighted in purple).
- Higher Resistance:Around 180-181 (highlighted in yellow).
2. Support Levels:
- Immediate Support: Around 164-165 (highlighted in purple).
- Lower Support: Around 155-157 (highlighted in blue).
Downtrend and Target:
- Current Position: The price is at 172.40, near the immediate resistance zone.
- Expected Downtrend Path:
- If the price gets rejected from the current resistance (172-174), it is expected to trend downwards.
- First Target:The price is likely to test the immediate support at 164-165.
- Second Target:If the price breaks below the immediate support, the next target would be around the lower support at 155-157.
The downtrend is indicated by the yellow arrows, showing the anticipated movement from the current level down to the first and potentially second support zones.
