Let's look at Solana. First, let's look at the chart, where we see an overlay of data with a TF of 4 hours and 1 day,
We have resistance around $22.5 and are pushing towards this level. When it is broken, the next target is a local uptrend with a 1-day timeframe around 23.
If we look at TF1 day, we see the following picture:
We have an interesting zone of 23-24 dollars, where the areas of interest of large players are concentrated. Below there is support of 20-22 dollars.
Now I would not open positions and would wait for the final movement up or down and then act according to the circumstances. I would pick up shorts from 24 or longs from 20 dollars.
Yesterday there was a speech by the Fed and so far it is clear from the speech that further steps to raise the rate or pause will be clear from the economic data that will be released this month. According to the Federal Reserve, the banking system is in a stable condition, although we see problems at PacWest Bank.
Therefore, for now we observe, and then we work from strong resistance or support!
