#IntradayTrading Signal for $SOL /USDT

The 15-minute chart shows a strong downtrend with heavy selling pressure.

A recent sharp drop in price is accompanied by high volume, indicating possible capitulation or panic selling.

The small green candle forming at the bottom suggests a potential short-term bounce or consolidation.

Trading Plan

1. Entry Point:

Long (Buy) Entry: If the price finds support and shows signs of reversal (e.g., bullish engulfing candle, RSI oversold, or price stabilizing above 152.5 USDT).

Short (Sell) Entry: If the price fails to hold above 152.5 USDT and breaks below 151 USDT, indicating continued downward movement.

2. Stop Loss:

For Long Position: Below 150 USDT (to avoid further drop).

For Short Position: Above 155 USDT (to avoid a sudden bullish reversal)

3. Take Profit Targets:

For Long Position:

TP1: 155 USDT (minor resistance)

TP2: 158 USDT (previous support turned resistance)

TP3: 160 USDT (key psychological level)

For Short Position:

TP1: 150 USDT (round number support)

TP2: 148 USDT (potential support zone)

4. Support and Resistance Levels:

Support Levels:

150 USDT (psychological level).148 USDT (potential demand zone)

Resistance Levels:

155 USDT (minor resistance).158-160 USDT (stronger resistance zone)

Trading Suggestion:

If the price shows reversal signs above 152.5 USDT, consider a buy with targets at 155 and 158 USDT.

If the price drops below 151 USDT, consider a short position with targets at 150 and 148 USDT.