#SOL/USDT Trend Continuation ๐๐
good opportunity to go for long position โ
๐ Current Price: $186.97
๐ 24h Change: +4.84%
๐ Market Sentiment: Bullish Reversal in Play
๐ Combined 4H & 1D Outlook
โ Trend Overview:
Price recently bounced from $175.88 after a pullback from the previous swing high of $209.86.
4H chart shows strong recovery candles and RSI at 69.89, suggesting short-term bullish momentum, but nearing the overbought zone.
1D chart indicates a healthy correction phase with RSI at 53.68, meaning room for upside before becoming overbought.
โ Momentum:
Today: +0.94%
7 Days: -6.05% (correction phase)
90 Days: +4.42%
1 Year: +30.44% (strong long-term trend)
๐ Key Levels
Immediate Resistance: $190.86
Major Resistance: $201.58 โ Breakout could retest $209.86
Support Zone: $177.15 โ Strong demand zone
Key Risk Level: Below $169 (trend invalidation)
โ Trade Setup (Bullish Bias)
Entry: $185 โ $187 (current zone or on retest near $183)
Target 1: $190.86
Target 2: $201.58
Target 3: $209.86 (previous high)
Stop-Loss: Below $175.88 (recent swing low)
๐ Bias: Short-term bullish continuation with potential for mid-term trend recovery. Break above $190.86 with strong volume will confirm further upside.
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