#solana #MarketRebound
š SOL/USDT Technical Analysis (As of June 27, 2025)
š Price: $139.70
š 24H Change: -3.94%
šŗ 24H High: $148.00
š» 24H Low: $137.14
š MA60: 138.80 (Price is slightly above the 60-period moving average ā potential support level)
š Chart Observations:
Price Movement: After a dip below $138, SOL quickly recovered and now trades above the MA60, suggesting some bullish resilience.
Volume: A notable spike in volume around 06:56 hints at strong buying interest near the $137ā$138 zone.
Short-Term Trend: Bullish recovery after dip; current price stabilizing near $139.70.
š§ Trading Strategy Suggestions:
ā For Short-Term Traders (Scalpers/Intraday):
Buy Zone: $137.50ā$138.00 (near MA60 and previous bounce zone)
Sell/Target Zone: $143.00ā$145.00 (previous resistance before $148)
Stop-Loss: Below $136.80
š Swing Trading Strategy:
Entry: Wait for a break above $142 with strong volume confirmation.
Target: $148 (24H high) and possibly $152 if momentum continues.
Stop-Loss: $136 to avoid breakdown risk.
š”ļø Risk Management Tips:
Use 2%ā3% capital risk per trade.
Monitor BTC/ETH price correlation ā if BTC drops sharply, SOL likely follows.