SOL/USDT Market Snapshot & Trade Ideas (Not Financial Advice)
š Market Overview
Current Price: $149.32 (+4.65%)
Trend: Short-term bullish ā 7-day MA ($149.70) > 25-day MA ($148.03). However, price is nearing a major resistance at the 99-day MA ($153.83).
Volatility: 24h range: $140.70 ā $152.39
Volume: High ā 355.28M USDT
RSI (6): 48.23 ā Neutral, with upside potential.
---
š Key Technical Levels
Support Zones:
$144.32 ā recent pullback low
$140.70 ā stronger structural support
Resistance Zones:
$151.56 ā local high
$153.83 ā 99-day MA
$158.80 ā June high / key breakout level
Critical Breakout:
A confirmed close above $153.83 could accelerate bullish momentum toward higher targets.
---
š Trading Ideas
1. Short-Term (Scalp)
Entry Zone: $144 ā $147 (near support)
Take Profit: $151.56 ā $153.83
Stop Loss: Below $140.70
2. Swing Trade (1ā3 Days)
Setup Confirmation:
RSI(6) > 50
Price breaks and closes above $151.56
Target: $158.80
Stop Loss: $144.32
---
ā ļø Risk Considerations
Rejection near $153.83 (99-day MA) could trigger a short-term correction.
Monitor volume strength during breakouts to filter out false signals.
---
š§° Tools to Watch
MACD: Look for bullish crossovers or divergence from price action.
Volume Profile: Confirm price moves with solid participation.
Grid Bots: May perform well in the $140 ā $153 sideways range.
---
š£ If you found this helpful, like & share!
š Always DYOR and use stop losses ā risk management is key.
š Not financial advice. Markets are volatile. Trade smart.
