SOL/USDT analysis, focused only on swing trade and spot buying, with a 5% stop-loss:
Technical Analysis: SOL/USDT (1D)
Date: May 19, 2025
Current Price: $161.85
24h Change: -6.28%
Technical Indicators:
EMA(7): $168.29 (above current price – short-term trend is correcting)
EMA(25): $160.20 (currently acting as support)
EMA(99): $155.52 (long-term dynamic support)
RSI(6): 40.85 (approaching oversold – potential bottom formation)
Volume: Decreasing – could suggest seller exhaustion.
Swing Trade / Spot Opportunity:
Ideal Entry Zone: Between $158 and $162
Target (Take Profit): Around $175 to $180
Stop Loss: Approximately 5% below entry – around $153
Personal Tip :
Solana is showing a textbook pullback after a strong uptrend. I’m watching closely around the $160 area for a potential entry, as this zone has both technical support and RSI signals suggesting a possible bounce. A great opportunity to accumulate spot or ride a swing if momentum returns.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and apply proper risk management.
