Quick TA for Solana $SOL. Many cryptos are at inflection points and will likely break higher or roll over from current prices (I think a move down is more likely, per long-term charts, and am hoping this happens for the sake of buying opportunities). Solana, like many other cryptos, has failed to develop meaningful 1D bullish momentum (RSI holding below 50). Should 
SOLUSD get another leg down, I'll be watching its behavior as it enters lower demand zones. 101.75-78.87 = monthly [rally-base-rally] demand; 74.85-51.37 = weekly [level-on-level] demand, but there are also buy areas higher. If Solana trades lower and approaches the aforementioned levels, use LTFs for signs of exhaustion/downtrend reversal. Personally, I wouldn't use "set-and-forget" buy limit orders; higher-beta cryptos may keep selling off until majors bottom/reverse and/or prices might not trade low enough to hit your limit price. I prefer more of a "hands-on" approach to trading, but to each their own.
On the road, so truncated analysis. Will update when I can. Thank you for your interest and let me know what you think!
Jon
JHartCharts
SOLUSD get another leg down, I'll be watching its behavior as it enters lower demand zones. 101.75-78.87 = monthly [rally-base-rally] demand; 74.85-51.37 = weekly [level-on-level] demand, but there are also buy areas higher. If Solana trades lower and approaches the aforementioned levels, use LTFs for signs of exhaustion/downtrend reversal. Personally, I wouldn't use "set-and-forget" buy limit orders; higher-beta cryptos may keep selling off until majors bottom/reverse and/or prices might not trade low enough to hit your limit price. I prefer more of a "hands-on" approach to trading, but to each their own.On the road, so truncated analysis. Will update when I can. Thank you for your interest and let me know what you think!
Jon
JHartCharts
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.