Daily Technical Analysis for Currency #Solana (SOL/USDT) – Upward Trend and Promising Trading Opportunity
Current Price: 176.00 USDT (+3.10%)
Time Frame: Daily
The overall trend is strongly upward after breaking resistance at 165 and turning it into support.
The price is moving near the upper limit of the Bollinger Band (189.89), indicating strong momentum with a possibility of slight correction.
RSI at 63 = still has room to rise.
MACD shows signs of positive reversal.
Trading volume is stable and supports the upward movement.
Entry Strategy:
First Entry: From 170 – 172 when testing MA20.
Second Entry: After breaking 185 firmly.
Profit Targets:
1. 189
2. 200
3. 215 (Average Range)
Stop Loss: Below 165 with a daily close.
Notes:
The price is moving in an upward channel, and the opportunity is strong in the short to medium term. Buying in stages (DCA) is preferred.
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