๐ $SOL /USDT Trade Setup Alert ๐จ | Potential Reversal Play! ๐
๐ฐ Current Price: $149.20
๐ Timeframe: 4H
๐ 24H Change: +1.60%
๐ Technical Analysis:
โ SOL has formed a local bottom at $141.53, showing a strong bounce with increasing volume.
โ Price is now testing the MA(7) = $149.02, showing signs of short-term bullish momentum.
โ RSI (6) is currently at 47.83, climbing out of the oversold zone โ indicating growing buying pressure.
โ Potential bullish crossover forming between MA(7) and MA(25), a common early reversal signal.
๐ฏ Trade Plan:
๐ฅ Entry Point: $149.50 - $150.00 (wait for confirmation candle above MA(7) and MA(25))
๐ Stop Loss (SL): $144.80 (just below recent support)
๐ฏ Take Profit (TP):
โข TP1: $156.30 (previous minor resistance)
โข TP2: $164.50 (MA(99), long-term resistance)
โข TP3: $172.90 (previous swing high)
๐ Risk/Reward: Excellent R/R potential (1:2.5 to 1:3+)
๐ Volume & RSI support the move โ momentum could push us into a short-term bullish rally.
๐จ Disclaimer: This is not financial advice. Always manage risk and do your own research. Use proper position sizing.
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๐ฌ Drop your thoughts or setups in the comments below! Letโs grow together! ๐
