#TrendTradingStrategy
The SOL chart is showing some really interesting movements right now. đ
After the sharp drop to $126, SOL had an impressive recovery, reaching a local peak at 160.$ before consolidating. The recent push to 157.$ suggests that momentum is rebuilding. đ„
đ Key observations:
â Higher lows since mid-June indicate strong underlying demand.
â Volume remains moderate but shows spikes on bullish candles â a bullish signal.
â The MACD has crossed upwards and the RSI is climbing towards 70 â but watch out for the overbought zone.
â The 7-day MA is above the 25-day and 99-day MAs, reinforcing a bullish bias.
âĄïž Scenario to watch:
A clear break above 160.$ could unlock a run towards 180.$ again.
A failure here and a drop below 150.$ could mean that the bulls are losing momentum.
đ The bulls are watching. đ» The bears are observing.
Which side will win?