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RE: Topdown Analysis Of SOLUSDT Using Support And Resistance Strategy And RSI Indicator As A Confluence

in PussFi 🐈17 days ago

Your detailed analysis of SolUSDT is really impressive! I appreciate how you started from the higher monthly timeframe to get a clear picture of the overall trend before drilling down to the weekly, daily, 4-hour, and 2-hour charts. It shows a disciplined and methodical approach, which is key in crypto trading.

Your use of support and resistance levels is well-explained, and I like how you highlighted the shift of a former support turning into resistance—that’s a crucial insight many overlook. Also, incorporating RSI for confluence strengthens your analysis by confirming potential reversals at overbought and oversold zones.

It’s clear you’re combining technical tools effectively to make informed decisions, and your risk-to-reward ratio of 1:3 reflects good trade management discipline. Overall, this is a very educational post for anyone interested in Solana trading or crypto technical analysis in general.