Market Analysis of SOLUSDT on Friday 30 AUGUST 2024

2024-08-30 20:14Fonte:BtcDana

SOLUSDT  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in negative trend and stop loss is 148 level . It can fall below 136 level   . Intraday purpose selling is better with stop loss 60800 level expecting intraday targets 59350 , 59250 and 59100 levels respectively .Strong resistance  area is 59700 to 60700 level . There is irregular correction at level of 5680 level so it can sharply fall below this level from this resistance .


QUICK FUNDAMENTAL LOOK

                                                                   

Continual profit-taking after last week’s rally saw bitcoin {{BTC}} continue a week-long slide to under $59,000 early Friday, with major exchange-traded funds (ETFs) recording net outflows amid signs of waning demand.

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

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