$SOL 🟣 SOL/USDT — “Slipping Under Heavy Weight”
📊 Chart Breakdown
Price: $194.14 (−8.2%)
Recent High/Low: $213.6 ➝ $192.85
Trend: Sharp rejection from $213 → descending slope under EMAs.
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🔍 Indicator Insights
EMA 7/25/99:
EMA7 ($196.5) < EMA25 ($200.2) < EMA99 ($198.7) → bearish alignment. Price is trading below all EMAs = selling pressure.
MACD:
Histogram is negative, DIF & DEA both below 0 → bearish momentum still active.
RSI (6): 19.5 → oversold, but still falling. Risk of a weak bounce before more selling.
Stoch RSI: 14.9 → deeply oversold, but flattening. Suggests sellers may slow down, but no reversal confirmation yet.
William %R (14): −89 → in extreme oversold zone.
OBV: Slight uptick, but no strong divergence → volume not supporting bulls yet.
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🎯 Levels to Watch
Support: $191.4 (current test), $183.4 (major intraday floor).
Resistance: $199.4 → $207.4 → $213.6.
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⚔️ Scalping Strategy
1. ⚠️ Avoid long entries until confirmation. Trend is still bearish.
2. ✅ Scalp Long Setup: If RSI + Stoch RSI bounce + candle closes above $196 EMA7, target $199–202 zone.
3. ❌ Short Setup (safer): If price loses $191.4 support, next flush to $183–185 is possible.
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🧭 Verdict
SOL is oversold but not showing reversal strength yet. Best scalping play = wait for bounce confirmation above $196, or short continuation if $191 breaks. Right now, downtrend is stronger than buyers’ defense.
