$SOL
Key Observations:
Price Level: The current price is $197.64, a drop of 7.76% within 24 hours, suggesting bearish momentum.
Moving Averages (MA):
MA(7): $210.63 (short-term trend) indicates recent downward pressure as the price is trading below it.
MA(25): $200.50 (medium-term trend) suggests the price is struggling to maintain bullish momentum.
MA(99): $196.22 (long-term trend) shows the price is near long-term support levels.
Volume:
24h Volume (USDT): $1.02B indicates decent liquidity, but selling pressure is higher (53.39% of trades).
RSI/MACD (if checked): These are crucial to confirm overbought/oversold signals, but they aren’t visible here.
Recent High and Low:
Resistance: $214.36
Support: $193.14
Trading Strategy:
Short-term (Scalping/Day Trading):
Opportunities: Consider shorting if the price breaks below $193.14, aiming for $176.33.
Stop-loss: Place above $200.50 to minimize risk if bullish recovery happens.
Medium-term (Swing Trading):
Opportunities: Look for a rebound near MA(99) ($196.22) as this acts as a significant support zone. A bounce could target $210–$214.
Stop-loss: Place slightly below $193.
Long-term (Investing):
Opportunities: The one-year growth (104.5%) reflects strong potential for upside, but wait for confirmation that the correction phase has ended. Key support around $176-$180 may offer better entry levels.