SOL / USDT
Main analysis timeframe: 15m – 1h
Trend:
• Current trend: Strong Bearish (Significant decrease) (Price: ~$126.98).
• Important price levels: Resistance $128.5 - $130. Strong support $125 - $126.
Liquidity Map:
• Liquidity above: Buy-side at $130 (Trailing Stops for Shorts).
• Liquidity below: Sell-side liquidity concentrated below $126.
• Liquidity hunting capability: Price is oversold, potential to sweep down to $126 and then bounce back (Mean Reversion).
Funding & OI:
• Current funding: Negative – The crowd is chasing Shorts.
• OI increase/decrease, signal: OI is slightly increasing in the downward direction (Short covering soon).
Technical Indicators:
• RSI: 15m Extreme Oversold (~21).
• MACD: Downward momentum remains strong, not yet crossing up.
• StochRSI: Bottom (0.00) – Bounce signal is about to occur.
• Volume: Strong selling but gradually decreasing (Selling exhaustion).
Trade Setup:
• Entry: $125.5 - $126.5 (Catching the falling knife at the old Demand/Support zone).
• Take Profit (TP): $130 - $133.
• Stop Loss (SL): $123.0.
• Bias: LONG SCALP
Click here to trade:
• Reason: RSI 15m at 21 is an extremely oversold region. Price touches the psychological support zone at $126. Setup for a relief bounce for short-term trading when the Shorts take profit.
Risk Note:
Catching the bottom is highly risky. Strictly adhere to SL.