SOLANA → Manipulation - false breakout of resistance

7 hari yang lalu

SOLUSDT.P flew up to resistance at 143.35 at the opening of the session and attempted to break through it, but bears may not let the price rise ahead of the news...



Bitcoin is forming a local correction after a sharp decline. However, news is ahead and the market may remain within a narrow range.
From the opening of the session, SOL rallies and breaks through the channel resistance, wasting 75% of its intraday growth potential. However, there is no momentum to continue the growth. It can be assumed that the coin is facing pressure. A false breakout and closing below 143.3 could trigger a pullback.

Resistance levels: 143.35, 150.87
Support levels: 135.67, 130.0

Two key levels for countertrend movement: 143.35 - 150.87. If the liquidity pool does not stop the price at the nearest level, then 150.87 can be considered as an additional level for trading a false breakout.
However, news on unemployment is coming soon, and the market may react quite aggressively. Therefore, if there are no trading opportunities before the news, I recommend refraining from action for an hour and waiting out the storm...

Best regards, R. Linda!

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