$SOL
$SOL Short technical analysis and trade signal đ¨
Indicators Analysis:
Price Action & Moving Averages:
The price has just bounced from 143.80, showing a small bullish candle.
It is below all three moving averages (MA(7) = 144.48, MA(25) = 146.07, MA(99) = 145.66), indicating short-term bearish momentum.
RSI (6): 29.79
The RSI is in the oversold zone, suggesting a potential for a short-term rebound or consolidation.
Stochastic RSI: 21.43 | MASTOCHRSI: 12.36
Both values are very low, also indicating oversold conditions, which may hint at an upcoming bounce.
MACD:
MACD line is below the signal line (DIF: -0.53, DEA: -0.28), and the histogram is negative.
This confirms downward momentum is still present, but it could be slowing based on the flattening histogram bars.
Trade Signal:
Short-Term (Intraday) View:
Signal:Â Wait for confirmation.
Bias: Slight bullish reversal possible, but trend still bearish.
Action: Consider a scalp long position only if price breaks above MA(7) (~144.48) with volume and confirmation from MACD turning.
Stop-Loss: Below 143.80
Target: Around MA(25) level ~146.00
Click here trade Solana
