🟢🚀 SOL/USDT Trade Signal – 1-Hour Chart
➡️🔍 Overview:
➖Chart Pattern: SOL is currently trading within a Down Channel📉, finding support in the marked Support Area🟩 near $136.
➡️Indicators:
➖RSI: The RSI is showing bullish divergence 📈, indicating a potential upward momentum.
➖50-period Moving Average: Acting as dynamic resistance ⚠️, the price is currently below it.
➡️🎯 Signal:
➖Entry (Buy): Look for a breakout above the Down Channel. If price breaks and closes above $144.79, this would confirm an upward move 📊.
➖Take Profit (TP) Targets:
1. TP1: $150.05 💵
2.TP2: $156.45 💰
➡️Stop Loss (SL): Below $136, to manage risk in case of a false breakout or a reversal ⛔️.
➡️📊 RSI Divergence:
- With the RSI moving upwards while price is still in the channel, this suggests a weakening downtrend 🐻, making the potential breakout scenario more likely 🐂.
Disclaimer:DYOR and NFA
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