💥$SOL /USDT Testing Key Support Amid Bearish Momentum!🔥
🌟Current Price: 148.20 USDT
🌟24-Hour High: 157.00 USDT (Key resistance level)
🌟24-Hour Low: 148.00 USDT (Critical support zone)
Volume (24H):
🌟SOL: 3.48M
🌟USDT: 530.84M
⚡SOL is consolidating near its 24-hour low. The yellow trendline break hints at short-term bearish sentiment that needs close monitoring.
⚡Technical Indicators 🧩
1. RSI: Approaching oversold territory—possible reversal signal.
2. MACD: Bearish momentum—watch for divergence.
3. Bollinger Bands: Narrowing—potential breakout or breakdown.
4. MA & EMA: Short-term averages confirm bearish pressure.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Rebound Trade
👉Entry: Above 148.50 USDT (confirmed rebound with volume)
👇Take-Profit Targets:
🎯TP1 (1:1): 150.00 USDT
🎯TP2 (1:2): 152.00 USDT
💢Stop Loss: Below 147.50 USDT
🎖️Bearish Scenario
Type: Breakdown Trade
👉Entry: Below 148.00 USDT (confirmed breakdown)
👇Take-Profit Targets:
🎯TP1 (1:1): 146.00 USDT
🎯TP2 (1:2): 144.00 USDT
💢Stop Loss: Above 148.50 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup:
After TP1 (150.00 USDT), move Stop Loss to Breakeven and book 50% profits.
For Bearish Setup:
After TP1 (146.00 USDT), adjust Stop Loss to Entry to protect gains.
⚡Key Observations ✍️
1. Watch volume closely—confirmation is key.
2. Failure to breach the 157.00 USDT resistance may deepen consolidation.
3. Discipline and patience are crucial around these critical levels.
Disclaimer: #DYOR*
Buy Or Trade With Me On $SOL