From the analysis of the image for $SOL /USDT:
Current situation:
- Price: 162.97 - 24-hour change: -3.62
- Highest/Lowest in 24 hours: 171.73 / 161.30 - SAR indicator: above price = ongoing bearish signal
- KDJ:
- K = 20.24 → Oversold area
- A bullish crossover has started to form between the lines → potential reversal signal
Simplified technical analysis:
Positives:
- Price is close to psychological support (162 – 160)
- KDJ indicators suggest the possibility of a reversal beginning
- Candles show the beginning of stabilization after a downward wave
Negatives:
- The general trend is still downward from the peak (206)
- SAR confirms the continuation of the downward path
- No real reversal has been confirmed yet
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Technical opinion:
- Current trend: bearish with a potential beginning of a reversal
- Safe entry: after closing a 4-hour or daily candle above 167 - Important support: 160 — breaking it could accelerate the decline
- Nearby resistance: 167 then 172
- Suggested stop loss: below 159.50 —
Summary:
- Short-term bias: potential reversal provided confirmation with volume and closing above 167
- Trading opportunity: good for speculators provided strict risk management adherence