Trade Setup$SOL đđ (Bullish Bias) based on price action and technical analysis.
Entry Zone$SOL (Long): 202 â 203 (current consolidation)
Stop Loss: 198.5 (below strong support & MA50)
Take Profit Levels:
TP1: 205.0 (recent high / intraday resistance)
TP2: 208.0 (next resistance zone)
TP3: 212.0 (if momentum extends)
RiskâReward (R:R):
Entry 202.5 â SL 198.5 (risk: 4.0)
TP1 = +2.5 (0.6R)
TP2 = +5.5 (1.4R)
TP3 = +9.5 (2.4R)
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â ïž Alternate Bearish Setup$SOL (If Breakdown Below 198)
Short Entry: <198
SL: 201.5
TP1: 195
TP2: 192
Bias = bullish above 200, with targets 205 â 208 â 212.
If SOL fails to hold 200, momentum flips bearish with downside to 195â192.
Chart & Indicator Analysis
1. Price Action / Candlesticks
Recent dip to 194.06, sharp recovery to 205.06, now consolidating around 203.28.
A higher-low pattern is visible â short-term bullish recovery.
Key support: 200â198 zone.
Resistance: 205.06, then 208â210.
2. Moving Averages
MA20 = 202.60, MA50 = 200.23.
Price is trading above both â short-term bullish bias.
MA20 > MA50 indicates momentum shifting back up.
3. RSI (6) = 58.12
Neutral-bullish, not overbought yet.
Room to push higher.
4. StochRSI (55.21 / 31.45)
Just bounced from oversold zone.
Suggests potential continuation upward.
5. MACD (DIF 0.34, DEA 0.54, MACD -0.20)
Bearish crossover recently, but histogram shows sellers losing strength.
If price sustains above 202, MACD could turn bullish again.