SOLUSDT at weekly resistance, pullback likely

6 de jul. de 2023

This one has reached to the weekly resistance WR1. I expect the price to retrace here. This weekly resistance is a strong one and can hold the price back. The next supports are 4h support 4HS1, daily support DS1 and weekly support WS1. I expect the price to retrace at least to 4h support 4HS1 and probably to daily support DS1.

7 de jul. de 2023

Trade fechado: objetivo atingido

The price indeed pulledback to the 4h support 4HS1 and extended almost close to the daily support DS1. The price bounced thereafter only to aim for the weekly resistance WR1 again. The price hit the top of that resistance zone and experiencing some pullback again. I will reevalaute and post a new trade setup in a new post.