๐ง Engulfing Buy โ Failed or Just Warming Up? ๐ฅ
๐ Analyzed on 1H timeframe โ SOL/USDT just printed what looks like a bullish engulfing, but now price is stalling at the 200 MA (186.15) ๐ฌ
๐ Here's the situation:
โ Engulfing candle still holding above its body low (~184.50)
โ ๏ธ Price stuck under MA200 and struggling to break 186.93
โ Volume fading โ no strong follow-up
โ MACD still bullish, but flattening
๐ If price closes below 184.50, could signal a failed engulfing setup
๐ But if SOL breaks above 187 with volume โ we could see the next leg up!
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๐ฌ What do you think? ๐ Is this just a healthy pause before liftoff, or are the bulls losing steam?
๐ React: ๐ Buy Dip
๐ Fakeout
๐ฌ Comment your target below!
#SOL #CryptoTrading #BinanceAnalysis #PriceAction #TechnicalAnalysis #EngulfingPattern