đ„ SMC Signal Alert: SOL/USDT đ„
đ Trade Setup:
Current Price: $129.53
24H Change: -2.61%
Timeframe: 1H
đ Technical Analysis:
Support Level: $129.35
Resistance Level: $135.51
24H High: $135.51
24H Low: $129.35
đ Predicted Direction: Bearish
Analysis:
The price has recently dropped to $129.53, approaching the 24-hour low of $129.35.
RSI values (K: 35.18, D: 42.74) indicate the asset is potentially oversold but still showing bearish momentum.
Trading volume is relatively high, suggesting significant market activity, but price is trending downwards.
đ Strategy:
Short Entry: Enter a short position around $129.53, targeting a move towards the support level at $129.35 or lower.
Stop Loss: Place your stop loss above the recent resistance at $135.51 to manage risk.
đŒ Strategy Details:
The ongoing bearish trend and price near support suggest a potential continuation of the downtrend.
Confirm the bearish signal by observing if the price breaks below $129.35.
â ïž Risk Management:
Adjust position size and leverage based on risk tolerance, ensuring effective risk management in volatile conditions.
đ Keep an eye on price movements!
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