$SOL see!! 🚀🚀

$SOL SOL/USDT
Here's a brief analysis for the next 12 hours:
Analysis:
1. Current Trend:
The price is currently in a downtrend, with a significant drop (-6.78%) from the previous high.
Parabolic SAR indicates a bearish position, with dots above the price candles.
2. Technical Indicators:
RSI (Relative Strength Index): RSI is in the oversold range (~22), indicating a potential short-term reversal, but confirmation is needed.
Stochastic RSI: Shows oversold conditions, supporting the possibility of a reversal.
OBV (On-Balance Volume): The accumulation volume is decreasing, confirming selling pressure.
MACD: The MACD line is below the signal line, showing bearish momentum, but the histogram is narrowing (potential bullish divergence).
3. Key Levels:
Resistance: $226.10 (24-hour high).
Support: $200 (psychological level) and $174 (next major technical level based on historical data).
Recommendations:
1. Potential Entry Levels:
Buy Entry (Long):
Around $200–$202 if the price shows signs of reversal (confirm with a bullish candlestick or divergence on RSI/MACD).
Sell Entry (Short):
Around $215–$220 if the price rises again but fails to break the main resistance.
2. Targets and Stop-Loss:
Buy:
Target 1: $210
Target 2: $220
Stop-Loss: $198
Sell:
Target 1: $205
Target 2: $195
Stop-Loss: $225
3. Strategy:
Watch how the price reacts around the $200 level to confirm a reversal.
Use leverage cautiously, considering high volatility in the next 12 hours.
Always monitor market developments for changes in sentiment!