$SOL /USDT
TECHNICAL ANALYSIS: SHORT TRADE SIGNAL
The 30-minute chart for Solana shows a potential reversal pattern after failing to sustain levels above the $133.00 resistance. The price is currently testing the MA(7) and MA(25) from above; a decisive break below these moving averages would confirm a bearish shift in momentum as the RSI cools off from recent highs.
Entry Price: $132.05
Take Profit 1 (TP1): $129.50 (Near recent support level)
Take Profit 2 (TP2): $127.50 (Alignment with MA99 support)
Stop Loss (SL): $134.00 (Above the recent swing high)
The short-term outlook for Solana suggests a period of consolidation or minor correction following its recent rally. If the price cannot hold the $131.60 support zone (MA25), a deeper retracement toward the $126.80 level is likely. Traders should be cautious of low volume on this pullback, which could indicate a temporary "bull flag" rather than a full trend reversal.
