#SOL/USDT
Technical Analysis Summary for (4H timeframe):
1. Overall Trend:
Previously bullish, but now in a corrective pullback after hitting a high of $187.71.
Current price: $174.92.
2. Exponential Moving Averages (EMA):
EMA 7 (yellow): $178.35 — Price is below it, indicating short-term bearish pressure.
EMA 25 (pink): $174.65 — Price is near it, acting as short-term support.
EMA 99 (purple): $167.97 — Stronger support level.
3. MACD:
DIF: 2.78 / DEA: 2.51 — Bearish crossover starting to form, suggesting weakening bullish momentum.
4. Support & Resistance:
Support: $174.65 (EMA25), $167.97 (EMA99), and $159.44 (swing low).
Resistance: $178.35 and $187.71.
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Trade Ideas (Not Financial Advice):
Buy Zones:
If the price bounces off $174 or $168 with a bullish candle confirmation.
Ideal entry: $168–$174.
Sell / Take Profit:
If the price rises and faces resistance around $178–$187.
Stop Loss:
Below $167 for safety.
