$SOL Will it rise to $160 after a slight correction to $149?
- EMA The EMAs are arranged 24 > 36 > 54 > 89 and are all trending upwards, indicating that the medium to long-term uptrend is still maintained. The current price (151.62) is above the EMA 24, further reinforcing buying power.
- BOLL The price is hovering around the mid-band, not touching the upper or lower bands → the market is in a consolidation phase, with the possibility of bouncing back to 155 or a slight correction to 147.
- VOL Trading volume is decreasing during the slight pullback, indicating that selling pressure is not strong. Wait for volume to increase at support levels to confirm entry points.
- MACD has crossed above the signal line, with a positive histogram → the uptrend is being activated, but the small range indicates that momentum is not too strong, making it prone to accumulation or correction.
- RSI is still below the overbought zone (70) and above 50, indicating balanced buying power, not overheated, allowing for a continuation of the uptrend for the day.
👉 General trend: Moderate increase, EMA lines trending upwards, MACD and RSI support the uptrend.
- If it breaks below 151.40 with high volume, it could test 149.87 or EMA 24, be cautious in the 149.87–150.00 range.
👉 Buy Strategy:
- Entry area:
Priority area: 151.40 – 151.80 (Fibo 78.6% – mid-BB price).
Extended area: 151.80 – 152.60 (Fibo 61.8% – EMA 24).
- Stop-loss: 147 (below the 24-hour low, close to Fib 100%).
- Take-profit in parts
TP1: 153.40 (Fibo 50%)
TP2: 154.30 (Fibo 38.2%)
TP3 (extended): 155.30 – 155.50 (Fibo 23.6% / upper Bollinger band)
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