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(SOLUSDT 1D chart)
The HA-Low indicator, the DOM(-60) indicator, and the M-Signal indicator are forming around 161.79-163.73.
Therefore, the key is whether the price can break above the 161.79-163.73 level.
To continue the uptrend by breaking above this key point or level, the StochRSI, TC (Trend Check), and OBV indicators must show upward trends.
- The StochRSI indicator should not have entered the overbought zone.
- The TC (Trend Check) indicator should remain above zero.
- The OBV indicator should remain above the High Line.
Currently, the OBV indicator is near the Low Line, and is in a reversed state with OBV < EMA 2 and EMA 1.
Therefore, if the price breaks above the 161.79-163.73 level, we need to watch for a reversal where OBV > EMA2 and EMA1.
The StochRSI indicator appears to be rising from the oversold zone, and appears to have shifted to a K > D state.
The TC (Trend Check) indicator is trending upward, but since it's below the 0 level, we can see that selling pressure still dominates.
Therefore, if the TC indicator breaks above the 161.79-163.73 level, we should also check to see if it can rise above the 0 level.
If it fails to rise above the 161.79-163.73 level, we should check for support around 126.36.
Since the HA-Low indicator has been created, even if it shows a stepwise downward trend, it is expected to eventually turn upward.
Therefore, we should focus on finding the right time to buy.
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Thank you for reading to the end.
I wish you successful trading.
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