SOLUSDT: Exit the bullish channel!
2024-09-17

Currently, I am watching the SOLUSDT chart on the 3-hour time frame. From what I can see, SOL has broken out of the previous uptrend channel, and the price is currently hovering around 132.40.

I see that the resistance zone is between 133.34 - 133.79, and my forecast is that the price will approach this zone in the short term. However, I expect the price will not break through this resistance, but will fall back from here.

The scenario I am watching is that after touching the resistance zone, SOL is likely to turn down and correct to the strong support zone near 130.00 or lower at 127.00. I will closely monitor when the price touches these important zones to make appropriate trading decisions.