SOL/USDT 4H Chart Review
2025-02-15
Category: None

Hello everyone, let's look at the 4H SOL to USDT chart, in this situation we can see how the price has moved sideways from the downtrend line, while currently we see movement in the triangle marked with blue lines, in which we are also approaching the exit, and therefore the price should take the direction of movement.

Let's start by defining the goals for the near future that the price must face:
T1 = 206 USD
T2 = 224 USD
Т3 = 239 USD
Т4 = 255 USD

Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 192 USD
SL2 = 174 USD
SL3 = 160 USD
SL4 = 146 USD

When we look at the RSI indicator, we can see how energy is approaching the lower limit of the range and here we can see that we often had descents significantly below the lower range, but we are approaching the zone where we could previously observe price rebounds.