$SOL Technical analysis of SOLUSDT based on the 4-hour chart :

๐Ÿ“‰ 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)

๐Ÿ” 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.

โœ… Buy/Sell Decision:

๐ŸŸก 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

๐Ÿ”ด 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+

๐Ÿ“Œ Strategy Summary:

โš ๏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

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