Technical Analysis
SOL/USDT
June 20
- Current Price: 147.44 USDT (+1.48%)
- 24h Range: 142.92 - 148.81
- 24h Volume: 291.41M USDT
- RSI(14): 42.56 (Neutral, slight bearish inclination)
- MACD: -0.55 (Bearish crossover, negative momentum)
- Bollinger Bands: Price near the lower band (140.72)
- CCI(14): -69.14 (Neutral, near oversold)
- SMA(50): Price below (Bearish signal)
- Volatility: 5.85% (Moderate movements)
📈 Likely Scenarios
🔻 Bearish Scenario (55%)
- Reasons:
- Price below SMA(50) and Bollinger Lower Band.
- MACD in bearish crossover.
- Weak ADX but with bearish trend.
- Negative momentum (MOM).
- Target (TP): 140.00 - 135.00 (Psychological support + BB extension)
- Stop Loss (SL): 150.00 (Above immediate resistance)
🔺 Bullish Scenario (45%)
- Reasons:
- RSI(14) at 42.56 (possible technical rebound).
- CCI near oversold (possible correction).
- High volume (291.41M USDT).
- Target (TP): 155.00 - 160.00 (EMA 35/54 + middle resistance of BB)
- Stop Loss (SL): 142.00 (Below recent low)
🎯 Recommended Strategy
1. If the price breaks 142.00:
- Confirmation of bearish trend.
- TP: 135.00 / SL: 148.00.
2. If the price rebounds at 142.92:
- Possible long entry with TP: 155.00.
- SL: 140.00 (controlled risk).
3. If it exceeds 148.81 (resistance):
- Possible bullish impulse towards EMA(35) at 155.06.
⚠️ Risks to Consider
- TD Sequential at "2 Down": Lack of confirmation of selling exhaustion.
- Moderate volatility (5.85%): Possible sharp movements.
- Lack of divergence in RSI: No strong reversal signal.
🔍 Conclusion: Short-term bearish bias, but watch for a technical rebound. Use strict SL and confirm breakouts.
🔄 Key Update: Monitor RSI(14) and MACD for momentum changes. If RSI rises above 45 with volume, the bearish scenario could be invalidated.
Remember:
Cryptocurrency trading involves high risk. (DYOR)
vc_custy
🫖☕️😎