đ SOL/USDT Trading Update - Ready for Action! đ
Current Price: $153.18 (+3.70%)
24H High: $153.66 | 24H Low: $144.45
Volume (SOL): 2.78M | Volume (USDT): 414.81M
đ Support & Resistance Analysis:
1. Support Levels:
⢠Key support found at $148.28 (MA99). This Moving Average line has held strong, indicating a solid base.
⢠Another potential bounce area around $147.98 based on previous lows. Watch these zones for reversal entries!
2. Resistance Levels:
⢠Immediate resistance is around the $153.66 mark (24h high). A breakout above this could push prices toward the next key level at $154.08.
⢠If momentum continues, watch for potential resistance around $156-157.
đ Trade Strategy:
Long Position (Buy):
⢠Entry:
⢠Look for a pullback near $151-152 (just above MA7 & MA25) as an ideal entry.
⢠A more conservative buy level would be near $148-149, just above the MA99, which has shown strong support.
⢠Targets:
⢠Short-term: Aim for $154.5, taking partial profits at $153.66.
⢠Long-term: Hold if price breaks resistance, targeting $157+.
⢠Stop-loss: Below $147.50, slightly under recent lows to protect against a downward move.
Short Position (Sell):
⢠Entry:
⢠Consider a short entry near $153.5-154 if resistance holds.
⢠Aggressive traders can enter shorts at $153.66 with tight stops.
⢠Targets:
⢠Short-term: Cover near $150.50-151, riding the pullback.
⢠Extended Target: Look for $148-149 if bearish momentum increases.
⢠Stop-loss: Above $155, allowing some breathing room for price action.
đ Key Indicators to Watch:
⢠Moving Averages (MA7, MA25, MA99): These lines are guiding the trend well, giving hints of a bullish move as MA7 stays above MA25 and MA99.
⢠Volume: Volume has been increasing (15M+), confirming strong interest in both directions. Keep an eye out for any volume surges during potential breakout or breakdown moments.
⢠RSI: Currently showing a healthy momentum at 595.32% for the year â bulls are in control!#10MTradersLeague #DoYouHoldBNB #NeiroOnBinance #CATIonBinance
