$SOL /USDT Deep Technical

Analysis & Strategy 📊

Market Overview

SOL trading at $147.20 (-0.08%), showing bearish momentum with price below all EMAs (7, 25, 99).

Key Indicators

- RSI(6): 37.36 ⚠️ (bearish territory)

- MACD: -0.01 📉 (bearish confirmation)

- Stochastic RSI: 37.34 (potential oversold forming)

- OBV: -624,478.56 🔻 (distribution phase)

Trading Strategy

Entry Points

- 🟢 **Long**: Enter above EMA(7) at $148.00 when RSI crosses above 40

- 🔴 **Short**: Enter at $146.00 if support breaks with declining RSI

Exit Points

- 🟢 **Long**: Take profits at $149.50 and $151.90

- 🔴 **Short**: Take profits at $145.38 and $144.60

Stop-Loss

- 🟢 **Long**: Place at $145.70 (1.5% risk)

- 🔴 **Short**: Place at $148.50 (1.7% risk)

Summary

Current sentiment: Cautiously bearish with potential bounce at $146 support. Wait for confirmation signals before entering positions and implement tight stop-losses due to uncertain conditions.