$SOL

Technical analysis

Price: $193.76

24h Low / High: $185.12 – $197.80

Trend: Recent bounce from $185 support, heading up.

MAs:

MA(7) ≈ 191.8

MA(25) ≈ 189.2

MA(99) ≈ 199.7

RSI (6): 73.89 → overbought region.

MACD: Just turned positive (bullish momentum building).

Volume: Increasing slightly on the last few green candles (buyers stepping in).

📈 Trade Plan Scenarios

1. Bullish Scenario (Long)

Entry: Around $192–194.

Target 1: $197–199.

Target 2: $202–205.

Stop-loss: Below $189 (under MA25 + local support).

✅ Best if BTC and overall market sentiment remain bullish.

2. Bearish Scenario (Short)

If price gets rejected at $197–199 and RSI stays overbought → possible short.

Entry: $197–199 rejection area.

Target: $190 (support).

Stop-loss: Above $202.

✅ Best if market sentiment weakens.

⚠️ Risk Management

Don’t risk more than 1–2% of your capital per trade.

RSI is already high → might see a pullback before another leg up.