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Solara Liquidity Enter below $ 90 first or recovery from resistance to the control point?

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  • Solana is currently struggling to recover a key control point in its commercial range, leading to a low rejection and signs of bearish compression. Since the price remains below this critical volume zone, it opens the possibility of a movement less than $ 90, a region started for a potential scheme for liquidity and swinging which could prepare the ground for a significant reversal.

    The recent price action of Solana (soil) suggests an effort to build a base, but the bullish momentum is capped by its inability to recover the control point of the range – where the majority of recent commercial activities have occurred. This failure has transformed this area into short -term resistance, compressing prices’ action and leaving Solana vulnerable to the decrease unless it is decisively recovered.

    Key points covered in this article:

    • Rejection from the control point exerts pressure on the short -term trend of Solana
    • The $ 89 support remains essential for a possible SFP and an inversion trigger
    • Liquidity under the current levels could feed a bullish rotation at $ 178 at $ 2522
    Solara Liquidity Enter below $ 90 first or recovery from resistance to the control point? - 1
    Source: tradingView

    The rejection of Solana to the volume control point has created a precarious technical configuration. This level, formerly acting as a support, turned into the resistance, the tightening of the action of prices and the amplifying the probability of a drop based on liquidity. Unless Solana recovers this volume knot with conviction, short -term perspectives remain defensive for bulls.

    The support of $ 89, just below the $ 90 psychological threshold, is now a key area to watch. It marks a low swing that remains intact and is in a high liquidity zone. A scan of this level followed by a light swing failure scheme could trigger a strong reversal, with upward targets in the weekly structure area between $ 178 and $ 252.

    It is essential to understand that the markets hunt liquidity, and the region of less than $ 90 is probably responsible for stopping merchants occupying positions between $ 130 and $ 100. A movement in this liquidity pocket would be consistent with the typical market structure, in particular in a consolidation asset. However, if Solana manages to recover the checkpoint before this happens, this downward scenario becomes invalidated and a more optimistic perspective resumes, promoting continuation to higher levels of resistance.

    How to exchange this configuration:

    Wait a bass scan of $ 89 and search for signs of a swing failure model as a trigger for long entrances. If confirmed, position for a potential rally targeting $ 178 at $ 252. If the price recovers the control point, consider adjusting the bias to promote optimistic continuation. It is important to use prices’ action at discretion and management according to your trading system

    Source link

    post url: https://altcoin.observer/solara-liquidity-enter-below-90-first-or-recovery-from-resistance-to-the-control-point/

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