$SOL SOL/USDT Trading Signal
Timeframe: 1H
Current Price: $149.14
Change: -2.91%
Signal: Potential Long (Buy) Setup
TPA (Trade Plan Analysis):
Price bounced from support at $144.87 and is showing signs of reversal with consecutive green candles.
Short-term MA(7) is turning upward, indicating potential momentum buildup.
Price approaching resistance near $149.38 (MA25), a breakout could trigger further bullish move.
Entry (Buy):
Above $149.50 (confirmation above MA25 and recent candle high)
Take Profit (TP):
TP1: $151.60
TP2: $154.20 (recent high)
Stop Loss (SL):
Below $146.00 (beneath recent lows and support)
Support & Resistance (S/R):
Support: $144.87, $143.60 (MA99)
Resistance: $149.38 (MA25), $151.60, $154.20
Volume Note:
Increasing volume on green candles suggests bullish interest near support.
Summary:
Watch for a breakout above $149.50. If volume sustains and price closes strong above resistance, there's a decent short-term upside potential. Manage risk carefully as the overall trend shows recent weakness.
#BinanceAlphaAlert #BTCvsMarkets #dinnerwithtrump #Write2Earn!