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๐ Key Observations:
1๏ธโฃ Current Price: $161.97 (โผ -0.31% in 24h) โ consolidating after push towards highs.
2๏ธโฃ EMAs:
EMA(7): $158.89
EMA(25): $153.45
EMA(99): $154.30
๐ Price is above all EMAs, maintaining bullish momentum.
3๏ธโฃ Overbought Indicators:
RSI(6): 66.54 (moderately overbought).
Stoch RSI: 79.48 (MA: 87.47) โ still elevated, but cooling slightly.
4๏ธโฃ 24h Range:
Low: $157.74
High: $163.84
5๏ธโฃ Volume:
24h Vol (SOL): 1.97M
24h Vol (USDT): $315.63M
Volume is moderate with some tapering off.
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๐ก Interpretation:
โ SOL is maintaining bullish structure above EMAs.
โ ๏ธ Overbought signals and declining volume suggest short-term caution.
๐ Key Levels:
Resistance: $163.84 โ $168.36
Support: $157.74 โ $158.89 (EMA7)
๐ Divergence risk: StochRSI & RSI cooling while price holds steady.
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๐ฎ Price Prediction:
๐ Short-term (24โ48h):
Likely pullback to $158โ$157 (support zone) before any new rally.
If $163.84 breaks with volume โ possible push to $168โ$170.
๐ Medium-term (1โ2 weeks):
Above EMA(99) ($154.30) โ trend remains bullish.
Target: $170โ$175 after consolidation.
Drop below EMA(7) ($158.89) โ correction to $153โ$154 possible.
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๐ Trade Plan
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๐ Scenario 1: Pullback Buy (Optimal)
๐ฏ Entry: $158.50โ$157.50 (support area).
๐ Stop-Loss: $156.50.
๐ฏ Targets:
TP1: $161.97 (current price)
TP2: $163.84 (24h High)
TP3: $168.00
๐ Risk-Reward: ~1:3
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๐ฅ Scenario 2: Breakout Trade (Low Conviction)
๐ฏ Entry: Daily close above $163.84 with strong volume.
๐ Stop-Loss: $161.50.
๐ฏ Targets: $168 โ $170.
๐ Wait for RSI to stay below 70 to avoid exhaustion.
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๐ป Scenario 3: Short-Term Short (High Risk)
๐ฏ Entry: $163โ$163.50 (near resistance & RSI rejection).
๐ Stop-Loss: $164.50.
๐ฏ Targets: $160 โ $158.
๐ Look for bearish reversal pattern on 1H chart.
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โ๏ธ Risk Management:
๐ Position Size: โค1.5% of capital.
๐ Leverage: Max 3x.
๐ Exit:
Trail SL after +3% profit.
Close longs if $158 breaks with high volume.
๐ Watch BTC trend & macro sentiment.
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๐ Conclusion:
โจ SOL is bullish but moderately overbought & consolidating below resistance.
๐ฏ Best setup: buy pullback to $158โ$157 for optimal risk-reward.
๐ซ Avoid chasing above $163.50 unless volume confirms breakout.
โ๏ธ Aggressive shorts โ only near $163.50 with clear reversal signal.
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Reassess if price breaks $163.84 or $157.74.
๐ช Stay patient & disciplined! ๐
Trade from here ๐ $SOL