$BNSOL /USDT: Technical Analysis & Trade Signals

Current Market Overview:

Price: $242.7

Trend: Bearish short-term with a potential reversal at support levels.

Technical Analysis:

Resistance Levels:

R1: $247.6 (Recent high and immediate resistance)

R2: $255.0 (Key breakout zone)

R3: $262.0 (Strong long-term resistance)

Support Levels:

S1: $238.0 (24-hour low and immediate support)

S2: $232.5 (Strong support zone on 4-hour chart)

S3: $225.0 (Critical support, could trigger heavy buying if tested)

Momentum Indicators:

RSI: Near 40, indicating oversold conditions with a chance of a rebound.

MACD: Bearish crossover on the 1-hour chart, suggesting a downtrend continuation in the short term.

Volume: Declining, showing reduced selling pressure, which might hint at a potential consolidation or reversal.

Trade Signals:

1. Long Trade Idea (Bullish Scenario):

Entry Zone: $240 - $242

Targets 🎯:

T1: $247

T2: $255

T3: $262

Stop Loss: $235

Momentum: Moderate

2. Short Trade Idea (Bearish Scenario):

Entry Zone: $244 - $246 (Near resistance)

Targets 🎯:

T1: $238

T2: $232

T3: $225

Stop Loss: $250

Momentum: Weak to Moderate

Trade Momentum:

Short-Term: Bearish with minor corrections expected.

Medium-Term: Neutral, waiting for a breakout above $247 or breakdown below $238.

Long-Term: Potential bullish momentum above $255, supported by high buying volumes.

Key Note:

Monitor the $238 level closely; a break below could trigger further downside. If $247 is breached, the market may see a strong rally toward higher resistance levels.

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