Looking at your $SOL /USDT daily chart:
1. Current Situation:
Price: $201.58 — testing the upper Bollinger Band ($193.29 UP level already breached).
RSI (6): 77.01 — strongly overbought territory, suggesting a possible short-term pullback or consolidation.
Volume: Noticeably increased on the last few green candles — shows strong buying interest.
Resistance Zone: Around $206–209 (previous top and Bollinger upper limit).
Support Levels: $194.90 (recent breakout level), then $180.45 (mid-Bollinger).
2. Next Likely Move:
Short-term: Price might push slightly higher toward $206–209 to retest the recent peak, but RSI suggests overextension, so a pullback is likely after testing resistance.
Potential Pullback Target: $194–195 (support + breakout retest) or even $180 if selling pressure rises.
3. Reasoning:
Overbought RSI means the market is stretched.
Strong bullish momentum with high volume could allow one last push before profit-taking.
Bollinger Band breach shows volatility expansion, often followed by correction or sideways movement.
Strategy Tip:
If you’re holding long, consider partial profit near $206–209 and reload on a pullback toward $194–195.
If entering fresh, better to wait for a dip rather than chase the top.
