🔥$SOL /USDT Trade Setup – Consolidation Phase 🔥
The bulls and bears are currently fighting it out on the SOL chart. After a bounce from the low of $87.00**, price is currently trading at **$89.57, trying to hold above the short-term MAs.
📊 Market Snapshot:
· 24h High: $90.48 | **24h Low:** $87.00
· Key Support: MA(7) at $89.28 & MA(25) at $89.05
· Key Resistance: MA(99) at $92.22
· Volume: Slightly low, indicating we might be coiling up for a big move.
📈 Trade Idea (Long Setup):
If SOL holds the $89.00 support zone, we could see a retest of the daily high.
· Entry Zone: $89.20 – $89.60
· Target 1 (TP1): $90.50 (Recent High)
· Target 2 (TP2): $92.00 (MA99 Resistance)
· Stop Loss (SL): $86.50 (Below recent lows)
⚠️ Risk Warning:
Remember, longer-term trends are still bearish (-28% in 90 days). This is a short-term scalp trade. Watch the volume! A spike above $90.48 confirms bullish momentum; failure to hold $89.00 could lead to a retest of $87.00.
Like and Follow for more daily crypto analysis! 📈
Do you think SOL will break $90 today or reject again? Let me know in the comments! 👇