๐ Guys, Trade Alert: Solana (SOL) Day Trade Opportunity! ๐
๐ฐ $SOL
๐น Content: Sell/Short ๐
๐ Trading Plan:
Entry Zone: $186 - $190
Target 1: $180
Target 2: $175
Stop Loss: $193
๐ง Analysis:
1๏ธโฃ Price Movement: SOL is currently trading near $186.55 with intraday highs of $193.17 and lows of $183.47. The price is showing signs of consolidation near resistance.
2๏ธโฃ Technical Indicators: The RSI at 71 suggests overbought conditions, signaling a potential pullback.
3๏ธโฃ Resistance Levels: Strong resistance is observed at the $190-$193 range, making it an ideal zone for shorting.
4๏ธโฃ Volume Trends: The trading volume is steady but not spiking, which reduces the probability of a significant upward breakout today.
๐ก Pro Tip:
Monitor closely for a break below $185 with increased volume to confirm downward momentum. Adjust targets accordingly based on intraday price action.