#USCryptoWeek
Based on the #SOL/USDT charts you provided (15m, 4h, and 1D), here's a technical analysis breakdown and a short-term trading setup suggestion:
🔍 Chart Analysis Summary
1. 15-Min Chart (Short-Term View):
Trend: Strong downtrend.
Price: Testing local support near 157.78.
MACD: Bearish momentum persists, MACD under signal line.
Moving Averages: MA5 is above price, confirming short-term weakness.
2. 4-Hour Chart (Swing View):
Trend: Rejection from 168 zone, forming lower highs and now lower lows.
Price: Below MA5 (160.9), showing short-term selling pressure.
MACD: Bearish crossover and red bars increasing — downside momentum building.
3. Daily Chart (Medium-Term View):
Trend: Price hit resistance at 168, now pulling back.
MACD: Still bullish, but histogram starting to weaken.
Support Zone: Around 153–156 (recent consolidation).
🧾 Trade Setup (Short-Term Swing)
🔹 Entry Zone (Long Position):
Entry 1: Around 156.5–157.5 USDT (if price shows reversal signals like bullish candle or support hold).
Entry 2 (Safer): Wait for confirmation above 160 USDT with volume.
🛑 Stop Loss:
Below 153.00 USDT (recent support zone)
→ Suggested SL: 152.5 USDT
🎯 Targets:
TP1: 160.5 USDT (retest of MA5 on 4H)
TP2: 165.5 USDT (resistance zone)
TP3: 168.0 USDT (recent top if momentum builds)
⚠️ Alternative Bearish Plan (If Price Breaks Down):
If price closes below 153 with volume, consider a short position.
Short Entry: Below 153
Target: 148, 143
SL: 156
🧠 Key Points:
Wait for bullish confirmation candle (hammer, engulfing) at support for safe long.
MACD on higher timeframes still shows potential, but short-term is weak.
Keep an eye on volume spikes at support/resistance zones.
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