TECHNICAL OVERVIEW $SOL
📊 **Chart Observations**
- **Current Price:** $147.68
- **24H Range:** Low $145.38 – High $149.50
- **Recent Swing High:** $153.40
- **Recent Swing Low:** $144.63
- **RSI(6):** 38.15 (near oversold zone)
- **Volume:** Fairly stable with a notable recent spike
- **MA(5) vs MA(10):**
- MA(5): 28,325.991
- MA(10): 22,634.631
- MA(5) is above MA(10), indicating short-term bullish bias, though they are converging.
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🛠️ **Technical Indicators Interpretation**
- **RSI(6) at 38.15** suggests the asset is approaching the oversold territory, hinting at a potential rebound.
- **Price Support:** ~$144.63 (recent bottom)
- **Resistance:** ~$153.40 (recent top)
- **Volume spike** before consolidation indicates potential institutional interest or liquidation event.
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📈 **Trading Plan (Short-Term Swing)**
🟢 **Buy Entry (Long Position):**
- **Primary Entry:** Around **$146.00 – $147.00** (close to current price and above the strong support zone)
- **Aggressive Entry (Dip Buy):** Around **$145.00 – $145.50** (just above the 24H low and strong support)
🔴 **Stop-Loss Placement:**
- Set just below support at **$144.00** (around 2% risk buffer from aggressive entry)
🟢 **Take-Profit Target(s):**
- **TP1:** $149.50 (recent high and psychological resistance)
- **TP2:** $151.90 (next resistance level on the chart)
- **TP3 (extended):** $153.40 (major swing high)
#### 🧮 **Risk/Reward Ratio Estimate (for primary entry):**
- **Risk:** ~$2 (147 – 145)
- **Reward:** $3.5–$6.5 (targets: 149.5 – 153.4)
- **Risk/Reward Ratio:** Approx. **1:1.75 to 1:3.25**
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🔁 **Optional Strategy (For Confirmation Traders)**
Wait for:
- **Bullish candlestick reversal pattern** near $146 zone.
- **RSI crossover above 40**, confirming rebound momentum.
- **Volume spike** supporting reversal.
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