$SOL

Daily timeframe (D1):

• The overall trend is down, but there are signals of price recovery after forming a new bottom.

• The price has started to rebound from the Discount Zone, which represents a strong liquidity area.

• The moving averages show an attempt for the price to return above EMA 50, supporting the likelihood of further upward movement.

• Previous BOS (Break of Structure) areas indicate the end of the downtrend and the beginning of an upward wave.

4-Hour timeframe (H4):

• The price successfully broke a structure (CHoCH) and retested the support area at $127.58.

• The price is now trading at the 50% - 61.8% Fibonacci area, supporting the chances of continued upward movement.

• We have strong resistance at $134.63 (PMH); if broken, we will see an extension in the upward movement.

• The Relative Strength Index (RSI) is in an upward zone, supporting the idea of continued bullish momentum.

Trading recommendations based on technical analysis

Scalping trades

🔹 Buy from $129.12, first target: $134.63, second target: $138.84, stop loss at $126.24.

🔹 Sell from $134.63 in case of failure to break, first target: $129.12, stop loss at $136.50.

Swing trading

✅ Buy from $126.24 - $127.58, first target: $134.63, second target: $147.31, stop loss at $118.88.

✅ Sell from $156.29 in case of no upward break, first target: $142.07, second target: $134.63, stop loss at $160.00.