๐๏ธ Date -July 14,2025
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๐ Key Observations:
1๏ธโฃ Current Price: $167.84 (โฒ +3.87% in 24h) โ testing 24h high ($168.20).
2๏ธโฃ EMAs:
EMA(7): $160.97
EMA(25): $154.50
EMA(99): $154.56
๐ Price is above all EMAs (bullish) โ but EMA(99) > EMA(25) suggests long-term strength with short-term exhaustion.
3๏ธโฃ Overbought Indicators:
RSI(6): 75.71 (๐จ borderline overbought)
Stoch RSI: 81.62 (MA: 82.06) โ elevated but cooling.
4๏ธโฃ 24h Range:
๐ Low: $159.63
๐ High: $168.20
5๏ธโฃ Volume:
24h SOL: 2.64M
๐ Current: 946.2K vs. MA(5): 2.54M โ โ63% = weak conviction at highs.
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๐ก Interpretation:
โ ๏ธ Bullish yet exhausted โ Price near 24h high but volume plunges โ distribution risk.
๐ Bearish Divergence โ Price up +3.87%, but volume down sharply = warning.
๐ฏ Key Levels:
Resistance: $168.20 (breakout line)
Support: $159.63 โ $160.97 (EMA7)
๐ EMA(7) > EMA(25) > EMA(99) alignment โ trend intact, but due for a cooldown.
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๐ฎ Price Prediction:
๐ Short-term (24h):
๐ป Likely rejection at $168.20 โ drop to $162โ$160 (support + EMA7).
๐ If breakout above $168.20 with strong volume โ rally to $170โ$175.
๐ Medium-term (1 week):
Staying above EMA(7) โ target $180โ$187.71.
Close below $160 โ correction toward $154.50 (EMA25/99).
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๐ Trade Plan
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๐ป Scenario 1: Short at Resistance (Optimal)
๐ฏ Entry: $167.50โ$168.10 (below 24h High + fading volume).
๐ Stop-Loss: $168.50.
๐ฏ Targets:
TP1: $165.00
TP2: $162.00
TP3: $160.00 (EMA7).
๐ Risk-Reward: ~1:5
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๐ Scenario 2: Breakout Long (Low Probability)
๐ฏ Entry: Daily close above $168.20 with strong volume (>2.54M).
๐ Stop-Loss: $166.80.
๐ฏ Targets: $170 โ $175.
๐ Condition: RSI stays <80 to avoid overextension.
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๐ฐ Scenario 3: Buy the Dip
๐ฏ Entry: $162.00 (psychological) or $160.97 (EMA7).
๐ Stop-Loss: $159.50.
๐ฏ Targets: $167.00 โ $168.20.
๐ Trigger: Bullish reversal candle (hammer/pin bar) at support.
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โ๏ธ Risk Management:
๐ Position Size: โค2% of capital.
๐ Leverage: Max 3x โ manage risk in volatile zones.
๐ Key Signals:
โ Go Long: Breakout above $168.20 + strong volume.
๐ป Go Short: Rejection near $168.10 + weak volume.
๐ Watch:
BTC movement (high correlation).
Solana network activity (NFTs, DeFi TVL).
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๐ Conclusion:
โจ SOL is stretched at $168.20 with falling volume & elevated RSI.
๐ฏ Best setup: Short near $167.50โ$168.10 for optimal risk-reward.
๐ Breakout โ only if strong volume confirms.
๐ฐ Buy dips โ wait for $162 or EMA7 support with clear reversal.
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๐ Updated: 2025-07-12 โ Reassess if price closes >$168.20 or <$160.
๐ช Stay sharp & trade with discipline! ๐
Trade from here ๐ $SOL