⚠️Future Trading 🔮
Current Trend: Bearish
Key Levels:
Support: 129.663
Resistance: 129.756
Trading Signal: Sell
Entry Strategy:
Consider selling near the current price (129.663) with a stop-loss at 129.756.
Key Insights:
Bollinger Bands: The price is currently below the middle band (MB), indicating a bearish trend.
Momentum: The 15m and 1h candlesticks show bearish momentum.
Observations:
The negative funding rate suggests a short bias in the market.
Decreased volume could signal waning interest in SOL.
Risk Management:
Stop-Loss: Set a stop-loss at 129.756.
Take-Profit: Consider taking profits at 129.500.
Conclusion:
SOLUSDT is currently in a bearish trend, with potential for further downside. However, market conditions can change rapidly, so it's essential to monitor the price closely and manage risk effectively.
#SOLUSDT #USDataImpact #NFPWatch #BNBChainMemecoins #CryptoMarketMoves
