Here’s the *3-Day Trading Analysis* for $SOL
/USDT🚀🚦
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*Current Price*: 162.30 (-4.69
*Next Move in 3 Days*:
SOL has been showing a downtrend from its recent high of173.07. The price is testing key support at 161.75, and the MA(7) and MA(25) values suggest a bearish trend in the short term. A further decline to support levels is likely unless a reversal happens.
*Support Levels*:
-161.75 (24h low)
- 145.22 (strong lower support from the depth chart)
*Resistance Levels*:
-173.07 (24h high)
- 183.12 (MA7, close to recent highs)
*Market Insight*:
Over the past 3 days, SOL has dropped significantly, facing resistance around173.07. The short-term moving averages (MA7 at 183.12 and MA25 at204.96) indicate a possible bearish trend unless the price breaks back above these levels. Watch for a test of the support at 161.75, with potential further downside if the market fails to hold.
*Entry Zone*:
- *Long*: Enter if SOL breaks above173.07
*Confirmation*:
- *Bullish*: If SOL reverses from161.75 and moves past 173.07, confirming a trend reversal.
- *Bearish*: If SOL continues downward from161.75, break below support towards 145.22.*TP1*:173.07
*TP2*: 183.12 (Resistance from MA7)
*TP3*:204.96 (Resistance from MA25)
*Stop Loss*:
- *Bullish Stop Loss*: Below 161.75 (if price continues to drop).
- *Bearish Stop Loss*: Above173.07 (if price fails to break resistance).
*Bearish Setup*:
- *Short*: If SOL fails to hold 161.75, break below it and continue to test lower support at145.22.
*Maximum Profit/Loss*:
- *Max Profit*: 6-10% if SOL manages to break resistance and rise towards 183.12 and beyond.
- *Max Loss*: 3-5161.75 and reaches 145.22.
*Pro Tip*:
Be cautious as SOL is currently testing strong support at161.75. If this level holds, a reversal could follow. However, if SOL continues to drop, it might test deeper support at 145.22.
*Bullish Setup*:
- *Long*: If SOL shows signs of reversal from161.75