Hello all kindly find the sol analysis below , here is my trade attached also i took 1st long and then short .. Indicator i use to trade is Cryptopredix . accuracy about the indicator is that i am using this indicator since last 6 month and my win ratio in scalping is almost 90% Win rate .. This is the best indicator i have used so far for Scalping and i recommend this indicator to everyone. Its best for day trading the details of this indicator is written on the chart .. Also you can check my Profile how profitable this indicator is ...

Now here is the analysis for Sol


1-Hour (1H) Timeframe:

  • Current Price: 134.01 USDT

  • Resistance Levels:

    • 136.18 USDT: Minor resistance level, representing a potential bounce back.

    • 149.26 USDT: Stronger resistance level indicating a potential upward target.

    • 163.31 USDT: Major resistance that coincides with the previous high. A breakout here could signal a significant bullish move.

  • Support Levels:

    • 123.84 USDT: Immediate support, marking the last substantial drop. If SOL falls below this, it could head towards lower levels.

  • Indicators to Watch:

    • If SOL breaks above the 136.18 USDT level with good volume on the 1H chart, it could indicate a short-term bullish trend.

    • Failing to break above this level might lead to retests of the lower support at 123.84 USDT.

4-Hour (4H) Timeframe:

  • Resistance Levels:

    • 136.18 USDT: Resistance is crucial on this timeframe as well, marking the immediate supply zone.

    • 149.26 USDT: Another resistance level from previous trading highs, indicating potential upside momentum.

    • 163.31 USDT: This level represents a key zone for long-term bullish continuation.

  • Support Levels:

    • 123.84 USDT: The key support zone to watch for potential bounces or breakouts to the downside.

  • Trend Analysis:

    • On the 4H chart, SOL has shown a pattern of declining highs and lows, indicating a bearish trend in the medium term.

    • Breaking below the 123.84 USDT level could push the price towards a deeper correction. On the other hand, a break above 136.18 USDT could invalidate the bearish structure.

1-Day (1D) Timeframe:

  • Resistance Levels:

    • 136.18 USDT: This level aligns with the nearest overhead resistance and may serve as a pivotal point for a breakout or reversal.

    • 149.26 USDT: Mid-term resistance where bullish traders could take profit.

    • 163.31 USDT: Longer-term resistance. A breakout above this could indicate a significant shift in market sentiment toward bullishness.

  • Support Levels:

    • 123.84 USDT: Major support zone on the daily chart. If this breaks, expect more downward pressure and possibly deeper corrections.

  • Trend Analysis:

    • On the daily timeframe, SOL is showing a retracement from its recent highs, and the current support level of 123.84 USDT is crucial.

    • A daily close below this level could indicate a larger downtrend forming. Conversely, a recovery above 136.18 USDT would signal a potential reversal or consolidation phase.

Summary:

  • Bullish Scenario: SOL needs to break above the 136.18 USDT level with good volume to signal a potential continuation towards the next resistance levels (149.26 and 163.31 USDT).

  • Bearish Scenario: A drop below the key support level of 123.84 USDT could open up further downside potential, possibly towards lower levels.