$SOLV Analysis of SOLV/USDT Chart & Trade Suggestion ! 🟥
🔥 Current Market Overview:
Current Price: $0.0340
24h High: $0.0383
24h Low: $0.0334
Price Change: -10.99% (Strong Bearish Trend)
🔥 Key Levels:
Support Level: $0.0333 (Recent lowest point)
Resistance Level: $0.0415 (Recent highest point)
🔥 Trend Analysis:
Price is making lower highs and lower lows, indicating a downtrend.
Moving Averages (MA 5: $0.0347, MA 8: $0.0349) – The price is trading below both moving averages, confirming continued selling pressure.
No sign of strong buying interest, indicating further downside potential.
🎯 Final Decision:
Take a Short Position (Sell)
Entry Price: $0.0345 - $0.0350 (If price retests minor resistance)
Take Profit (TP): $0.0333 - $0.0328 (Near support level)
Stop Loss (SL): $0.0355 (If price moves above minor resistance)
✅ Reason for Short:
Bearish Trend: Clear downtrend formation with lower highs.
Moving Averages Bearish: Price is below both MA(5) and MA(8).
No Strong Buying Activity: Price failed to recover even after hitting support.
💡 Conclusion:
Since the market is in a bearish phase, the best position is to go short (sell) at a retest of resistance.
⚠️ Disclaimer !
This is just educational purpose only always take final decision base on your own research because crypto market is inherited risky & highly Volatile .
#SOLVUSDT