$SOL Follow and like to always receive recommendations

Technical Analysis:

Time Frame: 4 Hours

🔹 General Trend:

Current Price: 161.82 USDT

The price has decreased by -3.92% over the last 24 hours.

The short-term general trend shows a downward correction after a temporary rise.

🔹 Technical Indicators:

1. Moving Averages (EMA):

The price is trading below EMA 7 (164.54) and EMA 25 (165.89) and EMA 99 (172.75) ➤ A negative signal that reinforces the downward trend in the short term.

2. Relative Strength Index (RSI):

RSI at 37.66 ➤ In a zone close to being oversold but has not yet reached 30.

This may indicate a potential near-term rebound, but no confirmation yet.

3. Moving Average Convergence Divergence (MACD):

MACD: 0.47 and signal line -1.76 ➤ There is a negative crossover, supporting the continuation of the decline.

4. Trading Volume:

There is a notable increase in trading volume with downward candles ➤ Clear selling pressure.

---

✅ Recommendation:

Trade Type Suggested Price Targets Stop Loss

Buy Entry (Speculative) 155 - 158 USDT 166 then 172 USDT 152 USDT

Sell Entry (Short-Term) If it breaks 160 with a 4-hour close 154 then 148 USDT 165 USDT

---

🔔 Notes:

Entering now is considered high risk without strong rebound signals.

It is preferable to wait for a strong reversal candle (bullish engulfing or pin bar) or a positive crossover in MACD before entering a buy.

The level 155.83 is a previous strong support – breaking it with a close will increase the chances of a decline.

Safe selling occurs upon breaking support 160 with a clear close.