Oversold Bounce Alert! Strategic SOL Long Setup🚨
#SOLUSDT : Extreme Oversold! Rebound to $150 Incoming?"
- Price Action: SOL at $146.92 (+0.25%), trading ABOVE MA(99)=145.43 (key support) but below MA(7)=147.42 (resistance).
- Momentum:
- STOCHRSI (13.7) < MA (15.66) → Extreme oversold (lowest since June).
- RSI(6)=31.53 → Approaching oversold zone.
- MACD=-0.47 (DIF/DEA converging) → Bearish but reversal potential.
- Volume: OBV=-8.85M (distribution), but bids dominate order book (47.06% vs. 52.94% asks) → Support building.
- Macro Trend: +31.97% (90D) vs. -32.81% (180D) → Mid-term bullish, long-term bearish.
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Trade Strategy:
🔥 Play the Oversold Bounce!
✅ Entry:
- Aggressive: $146.50 (current dip).
- Ideal: $145.50 (MA(99) support bounce).
🎯 Take Profit:
- TP1: $147.50 (MA7 resistance)
- TP2: $149.75 (MA25 liquidity)
- TP3: $150.65 (July high)
❌ Stop Loss: $144.90 (below MA(99) and daily low).
#SOL #Oversold #Crypto #Rebound
Buy at $145.50-$146.50**. Scale out at TPs. Exit if MACD histogram turns red or price closes below $145.