🚀 $SOL Technical Analysis June 01, 2025: PRICE STABILIZES AT $153 LEVEL, MIXED SIGNALS AMID RECENT VOLATILITY ⚠️

📊 Market Insight

• Current Price: 155.12 USDT

• Moving Averages (MAs) show a mixed trend.

• Volume has dropped, which may indicate a pause in selling pressure.

• MACD shows a neutral trend.

• RSI values are in neutral territory.

📊 Important Levels to Watch

🔼 Resistance Levels:

159.49 (recent high on the chart)

165.00 (psychological resistance)

167.99 (next significant resistance)

🔽 Support Levels:

152.14 (recent low on the chart)

151.40 (next support level)

147.49 (previous significant low)

💡 TRADE PLANS:

🐂 Bullish Trade Setup: Breakout above $159.49

☑️ Entry Point: $159.90 (enter if price breaks above 159.49 with bullish momentum confirmation)

🎯 Price Target:

TP1: $165.00

TP2: $167.99

🛑 Stop Loss: $157.50 (below the resistance to manage risk)

⚠️ Confirmation: Look for a strong bullish candle close above 159.49, an increase in volume, RSI(6) rising above 50, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $152.14

☑️ Entry Point: $151.80 (enter if price breaks below 152.14 with bearish momentum confirmation)

🎯 Price Target:

TP1: $151.40

TP2: $147.49

🛑 Stop Loss (SL): $154.00 (above the current support)

⚠️ Confirmation: Watch for a strong bearish candle close below 152.14, sustained high volume, RSI(6) falling below 30, and the MACD showing a bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:

Traders should exercise caution and wait for a clear breakout above $159.49 for a bullish setup or a breakdown below $152.14 for a bearish move. Given the mixed signals and lower volume, use tight stop losses and monitor volume trends closely to confirm momentum.

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