$SOL Trading strategy on the 1-hour timeframe based on current technical indicators and price action:

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1. SOL / USDT Market Overview:

• Current Market Price: $148.02

• Trend: Short-term bearish pressure with weakening momentum

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2. SOL / USDT Technical Analysis:

• EMA(21) at $149.48 acting as resistance; price is below EMA21, EMA50

• MACD: Bearish, histogram red, momentum fading

• RSI(6): 29.03 — nearing oversold

• Stoch RSI: 12.78 — extremely oversold, potential for bullish crossover

Supports: $147.56 (EMA50), $145 (liquidity zone), $139.41 (EMA200)

Resistances: $149.48 (EMA21), $152 (liquidity), $154 (previous swing high)

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3. $SOL / USDT Spot Trading Setup:

• Buy Zone: $145–$147 (oversold zone, near liquidity + EMA50 support)

• TP1: $149.50 (EMA21)

• TP2: $152 (liquidity resistance)

• TP3: $154 (previous high)

• SL: $139 (below EMA200 & key support zone)

Best Course of Action:

Buy — Price near oversold with strong supports at $145–$147 offers risk-managed entry.

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4. $SOL / USDT Futures Trading Setup:

• Long Entry: $145–$147

• TP1: $149.50 (EMA21 reclaim)

• TP2: $152 (resistance cluster)

• TP3: $154 (major swing high)

• SL: $139 (below key EMA and support)

• Short Entry: If price breaks below $145 with volume

• TP1: $142 (minor demand)

• TP2: $139.41 (EMA200)

• TP3: $136 (next visible liquidity)

• SL: $149.50 (above EMA21)

Best Course of Action:

Long — Oversold conditions + support zones hint a bounce setup with upside potential.

[Note: This post does not constitute financial advice. Please evaluate all risks and make investment decisions based on your own informed judgment.]