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$SOL /USDT Trading Signal – Retracing from Highs
Current Price: $268.07 (+8.50%)
Solana (
$SOL ) has experienced strong momentum, reaching a 24H High of $295.83 before retracing to its current level. The price is holding above the EMA(25): $264.96, suggesting potential consolidation or a reversal.
📉 Short Entry Signal:
If the price breaks below $264.00, a short trade could be an opportunity.
Entry Range: $263.50 - $264.00
Target 1: $255.00
Target 2: $245.00
Stop Loss: $270.00
📈 Long Entry Signal:
If the price sustains above $272.00, a bullish continuation is likely.
Entry Range: $272.00 - $275.00
Target 1: $285.00
Target 2: $295.00
Stop Loss: $265.00
🔎 Market Observations:
$SOL remains above all key EMAs (EMA(7): $272.10, EMA(25): $264.96, EMA(99): $234.76), signaling ongoing bullish sentiment despite the retracement.
Support is strong at $264.00, while immediate resistance lies near $272.00.
A breakout above $295.00 could push SOL toward higher highs.
Manage trades with tight stop losses in this highly volatile range. Monitor for signs of consolidation before entering positions.
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