SOL – “Strong Supports Approaching”

4-Hour Analysis:

Big Picture: Multiple attempts over the demand zone in quick succession made it weak and as a result SOL broke below it before finding intra-day support at 85 level. SOL is closing on in Daily based supports around 80-65 levels. These levels are likely to once again attract fresh buying’s.

On Downside at 88.50 is first intra-day support followed by 85 level. However strong daily supports are present at 80 followed by 72 and eventually 65. Price is likely to find support here.

 On Upside the initial intraday barrier is at 92, followed by the level of 96.50. Stronghold above 96.50 leads towards 98 followed 100 and eventually 104.50.