● Quick Technical Analysis
■ SOL experienced a fiery rise of 11.5%. The SOL currency saw an increase from 119 to 134, reflecting strong buying interest and the influx of massive liquidity (SOL trading volume in 24 hours: 3.95 billion).
■ The Relative Strength Index (RSI) is in an upward zone, meaning the currency is not in an overbought area yet, which allows room for additional gains.
■ MACD reflects the beginning of a recovery! Despite some negative intersections, the indicator is approaching a rising intersection zone that could trigger an upcoming bullish wave.
■ Expected Scenario:
If the resistance near the level of 127.58 is breached, it may witness a return to the previous peak of 142.07 and perhaps surpass it! In case of a correction, the area of 129.12-126.24 forms strong technical support.$SOL $SOL
♡ Share your opinion, do you see SOL above $300 soon?
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♧ Important Tips:
1) Do not enter with your full capital - divide it and enter gradually.
2) Monitor the technical indicators, especially RSI and MACD.
3) Don't forget risk management. Setting a stop-loss is very important.
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