$SOL

SOLUSDT Perpetual Trading Strategy (4H Chart)

1. Trend Analysis

The price is in a downtrend but appears to be forming a potential base for reversal.

The Ichimoku Cloud is red and above the price, signaling bearish conditions.

Exponential Moving Averages (EMAs):

Short-term EMAs (5, 10, 30) are converging near 127.34, indicating consolidation.

EMA 60 (130.17) serves as a key resistance.

2. Support & Resistance

Support Levels:

126.69 (EMA 5)

126.27 (EMA 10)

123.66 (Lower Bollinger Band)

Resistance Levels:

128.11 (EMA 30)

130.17 (EMA 60)

134.95 (Key resistance level)

3. Volume Analysis

SMA 9 Volume: 67.496M, showing steady participation.

Volume appears to be slightly declining, which is common in a consolidation phase.

4. Candlestick & Chart Patterns

Recent candles show lower wicks, suggesting buying pressure at support levels.

Bollinger Bands are contracting, indicating a potential breakout is imminent.

Price is below the Ichimoku cloud, meaning a strong uptrend confirmation is required before a long position.

5. Oscillator Analysis

RSI (14): 48.47 (Neutral, but rebounding from oversold).

Stochastic RSI (14, 3, 3): 98.80/95.60 (Overbought, possible short-term pullback before continuation).

6. Trade Plan

Long (Buy) Entry

Entry Zone: 126.5 – 127.5 (Near EMA support & Bollinger Band support).

Stop Loss: Below 123.5 (Slightly under the lower Bollinger Band).

Take Profit (TP) Targets:

TP1: 128.5 (EMA 30)

TP2: 130.5 (EMA 60)

TP3: 134.5 (Major resistance level)

Short (Sell) Entry

Entry Zone: 128.5 – 130.5 (EMA 30 & EMA 60 resistance).

Stop Loss: Above 135 (Beyond key resistance).

Take Profit (TP) Targets:

TP1: 126.5 (Current support).

TP2: 124.0 (Lower Bollinger Band).

TP3: 120.5 (Next major support).

Disclaimer: This is for informational purposes only, not financial advice. Conduct your own research and trade responsibly. 🚀📊