$SOL Technical analysis of SOLUSDT based on the 4-hour chart :
๐ Current Snapshot:
Price: $147.24
24H Change: -6.83%
24H High / Low: $160.39 / $140.73
Indicators:
EMA(7): 148.78 (above price โ short-term bearish)
EMA(25): 154.13 (above price โ medium-term bearish)
EMA(99): 157.57 (above price โ strong downtrend confirmation)
๐ Chart Insights:
Sharp drop from $168.30 to $140.73 indicates strong selling pressure.
Current price is trying to recover, but still below all key EMAs (7, 25, 99) โ indicating bearish control.
Volume spike at the bottom may hint at panic selling or early bottom fishing.
Small green candles suggest relief bounce, not trend reversal yet.
โ Buy/Sell Decision:
๐ก Possible Short-Term Buy (Scalp Trade)
Entry: $146โ$148 (if price stabilizes above $145)
Target: $152โ$154 (near EMA25 resistance)
Stop Loss: Below $143 or recent low $140.50
๐ด Sell/Short on Rejection at $154โ$157
If SOL fails to break EMA25 & EMA99 resistance zone
Entry: $153โ$155
Target: $145โ$140
SL: $157.50+
๐ Strategy Summary:
โ ๏ธ Major trend is still bearish, so any longs should be short-term only.
Wait for confirmation of breakout above $154โ$157 to consider any swing longs.
Strong support: $140
Major resistance: $154โ$157 zone
#MarketPullback #BinanceHODLerHOME #CryptoRoundTableRemarks #BinanceAlphaAlert # Biance