Market Analysis of SOLUSDT on Tuesday 4 JANUARY 2024

2025-02-04 18:14Source:BtcDana

SOLUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


SOLUSDT trend is negative and its strong resistance area is 208 to 213 level . Stop loss is 217 level and it can continue its downtrend towards 191 level  in short term . Intraday purpose selling is better with stop loss 217  expecting targets 204,202 and 200 respectively .


QUICK FUNDAMENTAL LOOK


The crypto market is facing selling pressure, impacting major assets, including Solana. A sell-off on the cryptocurrency markets at the start of the week has resulted in the majority of digital assets seeing their worst two-day fall in over three years.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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