Solana is currently in a consolidation phase (~$155–$160) with a positive tilt if it can break into the $180–$188 level. Strong DeFi momentum and fundamentals support a bullish case, but key technical resistance, macro/regulatory uncertainty, and occasional institutional selling all warrant close attention. Bullish $SOL $175–$190 A breakout above ~$155–$180 with strong RSI/MACD and volume could propel SOL to these targets #solana #TradingTypes101 #OrderTypes101 #CEXvsDEX101 #Liquidity101
Based on the data: • Trade Bias: Long (Buy) • Entry: Around 109,000 - 109,200 USDT (current price region) • Stop Loss: Below 108,000 USDT (just under EMA 21 and a safe margin) • Take Profit 1: 110,500 USDT • Take Profit 2: 112,000 USDT (if momentum continues)
Current Trend: Bullish, with price above short-term EMA. • RSI: Neutral, gives room for further upside. • Volume: Looks stable, no sign of divergence.
⚠️ Risk Note:
If BTC drops below 108,000 USDT, the structure may shift to bearish short-term. #Bitcoin
Preferred Trade: 🚀 Long (Buy) Position – The price is currently trending above the key EMAs with positive momentum and RSI is not yet in the extreme overbought zone. This setup favors a continuation to the upside.
Entry Zone: • Look to enter on small pullbacks near the 7 EMA (around 108,000 USDT) for a better risk-reward.