$SOL /USDT (4H) Technical Breakdown - Should You Buy❓
📣My Call: BUY (short-term swing)📉
✅Entry Zone:
$132–$134, ideally on a slight dip back toward $130-$131 for a safer entry.
✖️Stop Loss:
Below $127.20 (previous resistance turned support)
🚀Targets:
• $136.50 (local high — short-term)
• $142.00 (next major resistance if rally continues)
📊Breakdown:
1. Price Action💰
• Current Price: $132.80
• 24h Range: $123.49 – $133.91
• Change: +3.70%
Price bounced hard from ~$123 support zone and is now pushing above key resistance around $129–$130.
Breakout in progress. Looks strong if it can hold this level for the next few candles.
2. Moving Averages📉
• MA(7): $128.18 (Below price)
• MA(25): $129.74 (Below price)
• MA(99): $120.23 (Far below)
Price is above all MAs. The MA(7) is turning up and crossing above MA(25), forming a bullish crossover.
Signal: Bullish Trend Reversal Confirmation
3. MACD📈
• MACD Line (DIF): 1.48
• Signal Line (DEA): 1.74
• MACD Histogram: -0.26
Histogram is turning green — we’re getting close to a bullish MACD crossover. Early stages of momentum building.
Signal: Slightly lagging, but bullish crossover is likely soon.
4. RSI🚨
• RSI(6): 69.80 → Almost Overbought
• RSI(12): 61.82
• RSI(24): 58.51
Strong RSI uptrend. It’s heating up but not dangerously overbought yet.
Signal: Momentum strong but monitor for a pullback if RSI(6) crosses above 70.
5. Volume🔥
• Massive green candle backed by strong volume — highest in recent candles. This confirms the breakout isn’t fake.
Signal: Volume supports bullish move — very positive.