Hereโs a quick technical analysis of SOL/USDT on the 15-minute timeframe based on your chart:
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๐ Current Price: $151.65
24h High: $154.77
24h Low: $149.41
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๐ Trend Overview:
The price has pulled back from the 154.77 resistance level.
Short-term trend is currently bearish to sideways, as price is below the 25 MA (152.61).
Support: $150.35 (recent local bottom).
Resistance: $152.61 (25 MA) and $154.77 (recent high).
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๐ Indicators:
MA(7) = 151.84 โ Slightly above current price (acts as dynamic resistance).
MA(25) = 152.61 โ Trend line showing short-term bearish pressure.
MA(99) = 151.35 โ Acting as support zone for now.
Volume is declining, showing lower momentum in either direction.
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โ Suggested Trade Setup: (Scalping or Short-Term)
๐ฝ Bearish Scenario (Short Entry):
Entry: $152.00 โ $152.50 (near resistance)
Take Profit (TP): $150.50 โ $150.00
Stop Loss (SL): $153.00
๐ผ Bullish Scenario (Long Entry):
Entry: $150.50 โ $151.00 (support zone)
Take Profit (TP): $152.20 โ $153.50
Stop Loss (SL): $149.80
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๐ฎ Summary:
Trend Direction: Sideways to bearish
Strategy: Wait for a clear breakout above $152.60 for bullish continuation, or breakdown below $150.30 for bearish follow-through.
Short scalping trades possible in the range $150.50 โ $152.50.
Let me know if you want this for a higher timeframe (1H or 4H) or a spot/futures strategy.#StrategyBTCPurchase #NODEBinanceTGE #BTC110KToday? #USCorePCEMay #BinanceAlphaAlert $SOL