#SOLUSDT 4H Chart
Price previously dropped after testing the 2h supply zone leaving another 4h supply at $230. MACD is currently bearish, RSI is sold and EMAs turned bearish. It swept the 1h demand zone at $172 taking liquidity and is currently sitting on the major support area at around $184. If broken, we may expect it at the major 6h demand zone at $155 filling the imbalance and then seeing a bullish reversal. It should be able to break the previous high at $197 in order to turn bullish again.
https://www.tradingview.com/x/9hJ46zE4/
Price previously dropped after testing the 2h supply zone leaving another 4h supply at $230. MACD is currently bearish, RSI is sold and EMAs turned bearish. It swept the 1h demand zone at $172 taking liquidity and is currently sitting on the major support area at around $184. If broken, we may expect it at the major 6h demand zone at $155 filling the imbalance and then seeing a bullish reversal. It should be able to break the previous high at $197 in order to turn bullish again.
https://www.tradingview.com/x/9hJ46zE4/
TradingView
BINANCE:SOLUSDT Chart Image by saviour25