📊 Technical Analysis #SOL – 1 Hour Frame
✅ Trend Overview
• Current Price: ~176.63 USD
• Nearby Resistance: 183.47 USD and 186 USD
• Nearby Support: 173.85 USD (EMA 150) and 167.47 USD  
🔍 Notable Technical Signals
• Moving Average (MA): On the 1H frame, 57.14% of signals from MA indicate a slight upward trend. However, the short-term MA is showing signs of weakening, warning of a potential trend reversal.
• RSI Indicator: RSI has dropped below 50, indicating that upward momentum is weakening.
• Williams %R Indicator: Currently in the oversold region (below -80), indicating potential short-term recovery.
• Price Pattern: On the 1H frame, SOL may form an inverse head and shoulders pattern. If the price closes above 173.07 USD, this pattern will be confirmed, with price targets of 182 USD and 188 USD respectively. The invalidation level for the pattern is when the price closes below 164.4 USD.
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📈 Suggested Trading Strategy
Buy Order (Long)
• Entry Point: 173.5 – 174.5 USD
• Take Profit (TP): 182 USD and 188 USD
• Stop Loss (SL): Below 164.4 USD 
Sell Order (Short)
• Entry Point: If the price cannot break through the resistance zone of 183 – 186 USD and shows signs of reversal.
• Take Profit (TP): 173.85 USD and 167.47 USD
• Stop Loss (SL): Above 186 USD
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⚠️ Note
• Market Volatility: SOL is retesting the EMA 150 line on the 1H frame at the level of 173.85 USD. Maintaining this support level will confirm the continuation of the upward trend.
• Trading Volume: The trading volume in the past 24 hours reached 6.59 billion USD, indicating strong market interest.
