$SOL trade setup golden opportunity 🔥
SOLUSDT
Perp
122.2
-4.39%
Entry Price: Around 125.90
Stoploss: 126.50
TP1: 124.99
TP2: 123.00
TP3: 121.00
Reason for the Trade:
The chart shows a clear downward trend in SOLUSDT with a sharp drop from the 24h high of 135.40 to the current price of 125.91. Price action indicates a bearish continuation with lower highs and lower lows. RSI(6), RSI(14), and RSI(24) are all below 30, suggesting oversold conditions but in a strong downtrend, indicating potential for further downside. The price is below key moving averages (MA5 and MA10), reinforcing the bearish trend. A short trade aligns with the prevailing downward momentum.