$SOL / USDT trading chart and some possible trading suggestions:
Technical Analysis:
1. Current Price: $145.69 (+1.80%)
2. 24H High/Low: $152.90 / $140.18
3. Support Level: Around $125.55 (recent low)
4. Resistance Level: Around $153.82 (previous high)
Parabolic SAR: The yellow dots indicate a possible trend reversal, suggesting an attempt to move upwards.
• RSI (Relative Strength Index):
• RSI(6) = 44.07 (near oversold)
• RSI(12) = 41.25
• RSI(24) = 41.09
• This suggests that SOL is in a neutral-to-slightly oversold zone, meaning there could be a buying opportunity if momentum strengthens.
MACD (Moving Average Convergence Divergence):
• MACD = 0.84, showing weak bullish momentum.
• DIF (-13.75) and DEA (-14.59) indicate a previous bearish trend, but the histogram suggests a potential bullish crossover.
Trading Suggestions:
1. For Buyers (Long Entry):
• If SOL breaks above $153.82, it may continue rising toward $160+.
• A safer buy entry could be near $140, where it has shown support recently.
• Stop-loss at $125 to manage risk.
2. For Sellers (Short Entry):
• If SOL fails to break $153.82 and starts dropping, a short position can be considered with a target of $135-$130.
• Stop-loss at $155 to avoid excessive losses.
3. Neutral Strategy (Wait & Observe):
• If SOL stays between $140-$153, it might consolidate before making a bigger move.
• Watching for a clear breakout above $153 or a breakdown below $140 is a better risk-management approach.