🚀 $SOL Technical Analysis April 21, 2025: Testing Important Levels❗
📊 Market Insight
🔍 Current Price: $141.65 USD
24h volatility: Slight decrease of 0.12%
Daily trading range: $135.99 – $142.43
Market capitalization: Approximately $71.23 billion USD
📊 Technical analysis
Time frame: 4H – 1D
Nearby resistance: $145 – $150
Strong support: $135 – $130
RSI: Approximately 35–40, indicating a slight oversold condition and potential recovery
Trading volume: Slightly increased, indicating renewed interest from investors
Candle patterns: Bullish reversal patterns appearing, supporting the recovery trend
💡 TRADE PLANS:
🐂 Bullish Trade Setup: LONG when surpassing $145
☑️ Entry point: $146
🎯 Price Target:
TP1: $150
TP2: $155
🛑 Stop loss (SL): $140
⚠️ Reason: Breaking resistance at $145 with increased volume may confirm a short-term uptrendScenario
🐻 Bearish Trade Setup : Short when losing support at $135
☑️ Entry point: $134
🎯 Price Target:
TP1: $128
TP2: $125
🛑 Stop loss (SL): $138
⚠️ Reason: Losing support at $135 may lead to stronger selling pressure
🐂🐻 Short-term Swing Trade Setup: Trading in the sideways range $135 – $145
☑️ Strategy: Buy near $135 and sell near $145
🛑 Stop loss (SL): $130 for Long and $146 for Short
⚠️ Reason: SOL is trading within this range, suitable for short-term trading strategies
📌 Suggestion to open positions today
• Priority: Wait for confirmation of breaking resistance at $145 or support at $135 before opening a new position
• Note: Monitor trading volume and RSI indicator to determine trend strength
