$SOL #SolanaUSTD SOL/USDT Long Call Signal:
Entry Price: 138.50
The price is showing signs of recovery with momentum picking up, as indicated by the RSI and support from moving averages.
Stop Loss (SL): 130.00
Placed below the recent low to manage risk.
Take Profit (TP) Targets:
TP1: 145.00
Targeting the next psychological resistance level for a quick gain.
TP2: 155.00
Aiming for the next resistance near the 99-day MA.
TP3: 167.00
Targeting further gains towards the previous high resistance area.
TP4: 180.00
Extended target if the price continues to recover towards previous highs.
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Why Long?
Recovery Signs: The price has begun to rise after finding support, with the RSI at 64.77, indicating positive momentum but still below overbought levels.
Moving Averages: The price is breaking above the 7-day and 25-day MAs, indicating potential for further upside as it heads towards the 99-day MA, suggesting the continuation of the recovery trend.