Hi 👋 dear friends Solana is bullish
**SOL/USDT 15-Minute Chart Analysis - Short Trade Setup**
**Key Observations**
1. **Price Action**:
$SOL Current Price: **$169.63** (+0.71%), near the 24h high (**$170.14**).
Resistance at **$170.14** (24h high).
A rejection here could signal a short opportunity.
2. **Moving Averages (MAs)**:
**MA(7): 169.08**, **MA(25): 167.54**, **MA(99): 167.19**.
Price is above all MAs (bullish trend), but a pullback toward MA(7) or MA(25) is possible if resistance holds.
3. **MACD**:
**DiF (0.80) > DEA (0.56)** → Bullish momentum, but histogram is **+0.24** (watch for potential bearish crossover).
4. **Volume**:
Current volume (**11,282**) is below MA(5) (**22,173**) and MA(10) (**16,487**), indicating weakening bullish momentum. **Trade Strategy (Short)**
**Entry Point**:
**$170.00–$170.14** (near 24h high). Confirm with a bearish reversal candlestick (e.g., shooting star, bearish engulfing).
**Stop Loss (SL)**:
**$170.50–$171.00** (above resistance to account for volatility).
**Take Profit (TP) Targets**:
1. **TP1: $169.08** (MA(7) support).
2. **TP2: $167.54** (MA(25) support).
3. **TP3: $164.36** (24h low, strong support).
**Risk Management**
**Risk-Reward Ratio**: Aim for at least **1:2** (e.g., 0.5% risk vs. 1% reward).
**Confirmation**: Wait for MACD bearish crossover (DiF < DEA) or rising selling volume to validate the short.
**Note**
The overall trend is bullish, so this is a counter-trend trade. Tighten SL or avoid if price breaks above $170.50 with volume.
$BTC $XRP BinanceAlpha$1.7MReward
#EthereumSecurityInitiative #MastercardStablecoinCards #BinancePizza #CryptoRegulation