$SOL : Short-Term Outlook
Current Price: $164.46 (+2.99%)
Key Levels:
- ▶️ Resistance: $165.67 (24h High)
- ▶️ Support: $160.80 (MA-7) & $160.01 (MA-99)
Action:
1. Aggressive Traders:
- Long if price breaks & holds above $165.70 (target +1-2%).
- Short on rejection at $165.67 (stop-loss $166.20).
2. Cautious Traders:
- Wait for confirmation:
- ✅ Bullish: Close > $165.70 + high volume.
- ❌ Bearish: Drop below $160.80 (MA-7).
Risk Note:
- Volatility high (24h range: $156.32-$165.67).
- Tight stop-loss advised (<1% risk).
Indicator Watch:
- MA(7) > MA(99) suggests near-term bullish bias.
- RSI/MACD not shown – monitor for divergence.
TL;DR: Trade the $165.67 breakout or $160.80 breakdown. Prioritize tight risk management in this volatile range.
(Always DYOR – Past performance ≠ future results)