CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

81.76% of retail investor accounts lose money when trading CFDs with this provider.

Unraveling the mysteries of SOLUSD | Crypto

Published: 15.11.2023
by Joseph Jeffriess

In today’s video, we look at SOLUSD on the daily chart. Will the ongoing rally maintain its momentum, or is there a potential descent on the horizon?

Today’s focus: SOLUSD

Pattern – Failed high and HL
Support – 51.71
Resistance – 57.70 – 58.20 – 59.00

Today’s video asks if Solana’s run will continue or if it could see further selling enter the market. Buyers continue to push in today’s session but continue to be met with decent selling from $57.70 and above up to $61.

There’s also an interesting price set up we have run over, as it looks a lot like the current price action we are seeing at the moment, and the last time this occurred, we saw a solid run up.

Good trading.

SOL | SOLUSD | Cryptocurrency | Cryptocurrency Trading | Crypto Trading | Price Action | Technical Analysis | Trend Analysis | Chart Patterns | Technical Indicators | Continuation Patterns

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