📢 Analyzing potential scenario for SOL | 4H | #TradersLeague
📉 Coin: $SOL
🕓 Timeframe: 4H
The chart shows that the price is consolidating near the important zone of $144–$145, which previously served as a support zone. We are currently observing a slowdown in downward momentum, but there is still no clear signal for a reversal.
🔍 What I see right now:
— Stochastic RSI is in the oversold zone (17.5 / 20.9), which potentially indicates seller exhaustion.
— EMA (probably 7 and 26) is still in a downward crossover.
— The candles have become shorter — a possible hint at an approaching market decision.
📌 Scenarios:
🔹 Long (cautious):
— If the price confidently breaks $146 with volume → possible opening of a position towards $151–$152.
— Stop-loss can be placed below $143.
🔹 Alternative — further decline:
— If $144 does not hold under pressure → we could see a test of $140 or even lower.
— In that case — it's better to refrain from entering until a new level appears.
🧠 Conclusion:
The market is in a waiting phase — reversal signals are starting to appear, but clear confirmation is still absent. Watch behavior around the level of $146.
🗨 What do you see on this chart? How do you trade such moments?
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