#Technical Analysis of SOL/USDT on Binance [1d] - June 18
- 💰 Current Price: 145.62 USDT
- 📊 Volume (24h): 1,116,981 SOL
- 🔥 Average Volatility: 5.91%
📈 Indicators
- ⚪ RSI(14): 40.87 (Neutral, leaning towards weakness)
- ⚪ MFI(14): 55.55 (Neutral, slight buying pressure)
- ⚪ CCI(14): -75.31 (Oversold area)
- 🔴 MOM(10): Negative (bearish)
📉 Trend
- 🔴 SMA(50): Price below (Bearish signal)
- 🔴 ADX: Weak bearish trend
- 🔴 Parabolic SAR: Bearish confirmation
- ⚠ BBands(20,2): Price near lower band (Possible rebound or continuation bearish)
✨ Oscillators & Patterns
- 🔴 MACD: Active bearish crossover
- ❇ TD Sequential: 1 Up (Possible start of bullish count, but requires confirmation)
- ⚪ RSI Divergence: Not detected
- 📊 ATR (8.65 USDT): Moderate volatility
🔍
- Bearish Context: Most indicators (SMA, MACD, SAR, ADX) point to selling pressure.
- Possible Oversold: CCI in extreme zone and RSI near 40 could anticipate a temporary relief.
- Volume: Moderate, no clear signs of accumulation/distribution.
- ATR: Suggests intraday movements of ~8.65 USDT (useful for risk management).
🎯 Possible Scenarios
1. 🔻 Bearish Continuation: If the price breaks the lower band of BBands with high volume.
2. 🔄 Technical Rebound: If RSI/CCI reverse from current levels (target: SMA50 or middle band of BBands).
3. ➡ Consolidation: Lateral range between Bollinger bands if volume decreases.
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- 🔴 Short Term: Caution on long entries; wait for confirmation of buying strength (e.g.: RSI > 50 + close above SMA50).
- 🟢 Key Support: Zone of ~145 USDT (recent low). Loss of this level could accelerate sales.
- 📉 Risk Management: Use ATR to adjust stops (e.g.: stop-loss ~8-10 USDT below current price).
Remember:
Cryptocurrency trading carries high risk. (DYOR)
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vc_custy
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