๐ SOL/USDT Scalping Opportunity! ๐ฅ
๐ The crypto market is moving, and Solana (SOL/USDT) is showing some interesting price action on the 5-minute chart! Letโs break it down for scalpers. ๐ง๐น
๐ Key Insights:
โ Current Price: $148.84 (+4.92%) ๐ฐ
โ 24h Low: $140.18 ๐
โ 24h Volume: 703.64M USDT ๐
โ Recent High: $150.66 ๐
โ Recent Low: $147.62 ๐ป
๐ Technical Breakdown:
๐ธ Moving Averages:
MA(7): 149.14 ๐ก (Short-term trend)
MA(25): 149.26 ๐ฃ (Mid-term trend)
MA(99): 147.44 ๐ข (Long-term support)
๐ The price is below MA(7) and MA(25), indicating a short-term downtrend. However, MA(99) at 147.44 is acting as a key support level! ๐
๐ธ MACD Analysis:
DIF: 0.08
DEA: 0.24
MACD: -0.16 ๐ด (Bearish momentum increasing)
๐ก MACD is in the negative zone, meaning the momentum is still weak. Bulls need to reclaim key levels! โ ๏ธ
๐ฏ Scalping Strategy:
๐ฆ Entry Point: Watch for a bounce near 147.50-147.80, which aligns with MA(99) support. ๐
๐ฏ Target: Look for a quick rebound to 149.50-150.00 for fast profits. ๐ธ
๐ Stop Loss: Keep it tight around 147.20 to limit downside risks. ๐ป
โก Final Thoughts:
SOL is currently correcting after a pump, and scalpers should be cautious. Wait for a clear bounce at support before entering! ๐ If BTC remains stable, SOL could regain momentum. ๐ฆ
Happy Trading! ๐ฐ๐
