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Solana (SOL) – August 2 for BINANCE:SOLUSD by readCrypto

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(SOLUSD 1W Chart)

Since the wave is not complete, there is virtually nothing to tell from this chart.

However, if the price is maintained above the 19.03619793 point, it is expected that the uptrend will continue.

(1D chart)

If the price is maintained in the 28.62209039-37.76325722 range, it is expected that the uptrend will continue.

However, it must rise above the 42.33384036 point to continue the uptrend.

If it falls from the 28.62209039 point, you can touch the 14.91034042-19.48092356 section, so you need Stop Loss to preserve profit and loss.

However, as long as it does not fall below the downtrend line, it is expected to rise, so you should be prepared for that.

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(SOLBTC 1W chart)

If the price holds above the 42282 Satoshi point, it is expected that the uptrend will continue.

(1D chart)

We’ll have to see if we can get support by going up to the 88993 Satoshi-99412 Satoshi section.

If it rises above the 99412 Satoshi point, it is expected to create a new wave.

If it goes down, we need to see if it finds support at the 82970 Satoshi point.

If it does not fall below the downtrend line, it is expected to rise.

If the price is maintained in the 68155 Satoshi-88993 Satoshi section, it is expected to turn into an uptrend.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** See support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart

R: A point or section of resistance that requires a response to preserve profits.

S-L: Stop Loss point or section

S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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