📍#sol Technical Analysis (2025/06/18)
Bulls and bears battle near $150, daily and 4H charts show a clear bearish bias, but short‐term oversold conditions call for a flexible, range‐based strategy.
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Period: 1D
Trend: Bearish consolidation—price below the 10/20/50/200‐day MAs and near the lower Bollinger Band; MACD expanding negative, RSI ~43, -DI > +DI with ADX > 20, downside momentum strengthening. Key support at $140.21 must hold.
🔻 Short Position:
🛑 Stop Loss: 168.36 (breakout flips long)
🟢 Scale-in: 157.61✅, 161.50, 162.34
🚨 Breakdown Entry: 140.21
🎯 Take Profit: 122.81, 94.66, 66.51
Period: 4H
Trend: Bearish—price capped by the 10/20/50 MA, MACD below zero, RSI ~44, -DI leading with ADX > 20, bears in control.
🔻 Short Position:
🛑 Stop Loss: 168.36 (breakout flips long)
🟢 Scale-in: 157.61✅, 161.50, 162.34
🚨 Breakdown Entry: 140.21
🎯 Take Profit: 122.81, 94.66, 66.51
🔹 Long Position:
🛑 Stop Loss: 141.97 (breakdown flips short)
🟢 Scale-in: 148.40✅, 145.57, 142.56
🚀 Breakout Entry: 158.80
🎯 Take Profit: 160.20, 186.00, 202.86
Period: 1H
Trend: Short‐term bearish—dropped to 145.61 and then retraced but still below MAs; MACD negative but converging, RSI recovering from oversold, bears remain in control.
🔻 Short Position:
🛑 Trailing Stop: 154.33 (breakout flips long)
🟢 Aggressive Scale-in: 151.00, 151.54, 152.46
🚨 Breakdown Entry: 145.61
🎯 Take Profit: 140.47, 129.14, 117.81
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Strategy Summary:
⚠️ Recommendations:
1. Intraday traders can short between $151.0–152.5 on 4H/1H charts, stop at $154.33, target $145.61 then $140.47; if price breaks above $158.8 and holds, consider a short‐term long to $160.20–186.00.
2. Swing investors may scale into longs at $140.21–142.18 support, stop below $140, with initial target $157.61 and adjust positions on breakout.
3. Strict risk and position management: monitor MACD zero‐line turns, DMI/ADX momentum shifts, and Bollinger Band squeezes + breakouts before adding or reversing.