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๐ Solana (SOL) Trading Update: When to Buy & Sell! ๐
Hey traders! ๐ Hereโs my quick technical analysis on Solana (SOL) to help you decide when to enter and exit your positions.
When to BUY SOL:
๐น Price near strong support around $170
๐น RSI below 40 (oversold zone)
๐น Rising trading volume showing buying interest
๐น Price above 20-day moving average (MA20) indicating strength
When to SELL SOL:
๐ธ Price hits resistance around $185-$190
๐ธ RSI above 70 (overbought zone)
๐ธ Volume spikes but price fails to climb higher
๐ธ Price drops below MA20, signaling weakness
Summary:
Right now, SOL is close to a solid support level with good buying volume and a neutral RSI โ making it a smart buy opportunity before a potential upward move! ๐ Keep an eye on resistance near $185-$190 for profit-taking.
Trade smart and stay updated! ๐น
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