$SOL

Based on the 1-hour chart for SOL/USDT perpetuals you provided, here’s a quick technical breakdown and trade plan suggestion:

📊 Technical Summary

Current Price: $191.63

24h High/Low: $206.44 / $187.61

MA Levels:

MA(7): 195.43 (above price – short-term trend is bearish)

MA(25): 200.21 (strong resistance)

MA(99): 190.14 (currently acting as support)

RSI(6): 26.90 (oversold territory)

MACD: Bearish with histogram still expanding downwards

Volume: Spike on recent red candle (strong selling pressure)

📈 Trade Plan Options

✅ Option 1: Long (Bounce from MA99 & Oversold RSI)

Entry: Around $190–192

Reason: Price is testing MA(99) support and RSI is in the oversold zone – potential for short-term bounce.

Stop Loss: Below $187.50 (recent low)

Take Profit Targets:

TP1: $195.50 (MA7 – minor resistance)

TP2: $200 (MA25 – strong resistance)

Risk/Reward Ratio: ~1:1.8 or better

⚠️ Caution: Only enter if a green candle closes above MA99 with decent volume.

❌ Option 2: Short (If support breaks)

Entry: Below $187.50

Reason: Breakdown below recent low + strong momentum + MACD continuation

Stop Loss: Above $191.50

Take Profit Targets:

TP1: $183

TP2: $180.50

Risk/Reward: ~1:2 if breakdown follows through

⚠️ Caution: Enter only on confirmed breakdown with volume support.

🧠 Strategic Tips:

Don't Long blindly just because RSI is oversold. Look for confirmation candles.

Watch BTC/ETH price movement – SOL usually follows major coins.

Set alerts around 187.50 (breakdown) and 195.50 (resistance).