SOLUSDT 15M

🔍 SOL/USDT Analysis: 1-Hour Timeframe 📉

The SOL/USDT chart on a 1-hour timeframe highlights significant upcoming dates where price movements may present trading opportunities. As always, it is crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market.

• August 24, 2024, 01:15, August 24, 2024, 15:30, August 25, 2024, 01:30, August 25, 2024, 21:30 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• August 24, 2024, 06:45, August 24, 2024, 21:00, August 25, 2024, 10:15 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating SOL or entering long positions.

When working with this 1-hour timeframe, keep in mind that these movements should be evaluated with a global perspective, considering higher timeframes to better grasp the overall market trend.

Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC+3.