Technical analysis by Harmonic.Traders about Symbol SOL: Sell recommendation (12/2/2024)

The time frame used (day) for the investor up to three months. Prices are witnessing a corrective downward movement that is expected to continue until testing the support and the first downward target 205.80 as a first downward target, then the second support 169.00 as a second downward target. If this expectation is achieved, we recommend buying at it because it is expected to rebound upwards if it is actually tested and to stop closing losses below the third support 155.00, which is not one of the downward targets. However, if it rebounds upwards, we recommend selling or reducing positions at the resistance 246.30 and the resistance 264.40. This negative view remains in place as long as prices are below the third resistance.