SOL, the price is squeezed between support and resistance.

SOL, the price is squeezed between support and resistance.

SOL is in the global value area. At the moment, the price is squeezed between the trend line , which acts as resistance, and the middle of the global value area, which acts as support.

A breakdown of the trend line would be a good signal, after which the price is likely to head towards the levels of $190 and $217. In case the price breaks the trend line and closes below the middle of the global value area, the SOL is likely to continue its fall.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.