Analyzing the daily chart (1D) of SOL/USDT on Binance, here is my technical assessment and whether there is a valid trade at the moment:
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📊 General Context (Trend, Volume, Support/Resistance):
• Recent trend: Clear uptrend since the bottom at ~23.49, with healthy corrections.
• Immediate resistance: R$ 176.34 (recent high).
• Relevant support: R$ 161.77 (MM25) and further down R$ 147.19 (broken resistance, now support).
• Volume: Slightly decreasing in the last candles, which weakens the bullish momentum.
• Moving average confluence:
• MM7 (175.59) > Price (172.24): short term in correction.
• MM25 (168.87): relevant support in case of retracement.
• MM99 (144.83): long term still bullish.
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🧠 Technical Signals:
• RSI: Not shown in the screenshot, but the movement suggests it is between 50–60 (neutral zone). No overbought condition.
• MACD: Also not visible, but visually seems to be losing buying strength.
• Current candlestick: Partial reversal candle with rejection at resistance (upper wick at 176.34).
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✅ Possible Setup: Short reversal with support at MM25
• The current candle may represent a temporary correction, aiming for MM25.
• Possible entry: In the range of R$ 169.00 to 170.00 (reversal with confirmation).
• Stop Loss: Below MM25 and previous support: R$ 165.00.
• Target 1: R$ 176.34 (immediate resistance).
• Target 2: R$ 180.00 - 187.00 (previous high).
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📈 Trade Plan (Swing):
Pair Entry Stop Loss Target 1 Target 2 Risk/Return
SOL/USDT 170.00 165.00 176.00 180–187 1:2 or greater
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📌 Decision: Enter or Not?
✅ Yes, enter, as long as you wait for a reversal candle confirming support at MM25 (region of 168–170).
❌ Avoid immediate entry now, as the current candle is pressured by resistance and without increasing volume.