#solana SOL Intraday Express 🔥
• Support Level:
◦ 143.05 (EMA21)
◦ 142.50 (24-hour low)
• Resistance Level:
◦ 147.81 (previous high)
◦ 149.43 (EMA89)
Trend Analysis
Current price is oscillating narrowly around 146.6:
• Technical Indicators:
◦ MACD death cross, but momentum is weak;
◦ RSI is in a neutral range, direction is unclear.
• Volume Situation: Trading volume is below 5-day and 10-day average volume (VOL<MA5/10), both bulls and bears are in a stalemate.
• Trading Opportunities:
◦ If the price stabilizes above EMA21 (143), a small position can be attempted for long, targeting a breakout at 147;
◦ If a significant drop below 142.5 occurs, switch to a bearish outlook, targeting down to 140;
◦ The upper EMA89 (149.4) is a strong resistance area, requiring a large bullish candle along with increased volume for an effective breakout.
Operational Strategy
• Conservative: Place orders near 142.5 to ambush long positions;
• Aggressive: Attempt short positions with a small size at 147.8.
⚠️ Important Reminder: Be sure to set stop-losses strictly!
Focus and like this post #solana