🚀 $SOL Technical Analysis June 09, 2025: PRICE STANDS AT $151.09 WITH SLIGHT BULLISH MOMENTUM ⚠️
📊 Market Insight
• Current Price: 151.09 USDT
• Moving Averages (MAs) show a mixed trend.
• Volume has increased slightly, showing moderate market activity.
• MACD is nearly neutral.
• RSI values are in neutral territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
151.94 (recent high)
155.30 (24-hour high)
156.21 (next psychological resistance)
🔽 Support Levels:
148.05 (recent low)
145.99 (significant support from prior drop)
144.69 (psychological support)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $151.94
☑️ Entry Point: $152.20 (enter if price breaks above 151.94 with bullish momentum confirmation)
🎯 Price Target:
TP1: $155.30
TP2: $156.21
🛑 Stop Loss: $151.50 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 151.94, an increase in volume, RSI(6) rising above 70, and a MACD bullish crossover with DIF moving above DEA.
🐻 Bearish Trade Setup: Breakdown below $148.05
☑️ Entry Point: $147.80 (enter if price breaks below 148.05 with bearish momentum confirmation)
🎯 Price Target
TP1: $145.99
TP2: $144.69
🛑 Stop Loss (SL): $148.50 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 148.05, sustained high volume, RSI(6) falling below 30 (into oversold territory), and the MACD showing a bearish trend with DIF dropping below DEA.
📌 Suggestion to Open Positions Today:
The proximity to the $151.94 resistance level suggests a potential breakout if supported by increased volume and a strong candle close. However, the neutral MACD and RSI indicate caution. Traders should wait for a clear breakout above $151.94 for a bullish setup or a breakdown below $148.05 for a bearish move. Use tight stop losses to manage the current volatility.
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