📊 SOLANA (SOL) Signal – Current Price ≈ $122
🔹 Trend Summary
• Short-term market sentiment is mixed to slightly bearish, with moving averages and overall technical ratings showing more sell signals recently. �
• Some chart tools detect shorter-term bullish setups intraday, but the broader trend remains cautious. �
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CentralCharts
📈 Entry & Strategy
BUY ZONE (Aggressive / Scalping):
➡️ $120–$122 — support area near recent price lows. �
Barchart.com
BUY CONFIRMATION:
✔️ Bullish candlestick bounce off support
✔️ RSI rising from oversold (if RSI < 30)
✔️ Volume uptick on green bars
Take Profit (TP) Targets:
🎯 TP1: $128–$130 (1st resistance)
🎯 TP2: $134–$136 (2nd resistance)
🎯 TP3: $140+ (higher breakout) �
Barchart.com
Stop Loss (SL):
❌ Below $118 — invalidates support zone.
📉 Bearish Scenario (If Price Breaks Lower)
If SOL closes below $118 on decent volume:
➡️ Expect pressure toward $114–$110 range. �
Barchart.com
⚙️ Risk Management
⭐ Keep risk per trade 1–3% of your capital
⭐ Use trailing stop if SOL moves strongly above TP1
⭐ Monitor BTC sentiment — altcoins often follow BTC direction
📌 Quick Notes for Traders • Short-term technical signals currently favor caution/sideways movement until clear direction confirms. �
• Indicators like MACD/RSI/Bollinger Bands can help refine entry timing and exits. �
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CoinDCX #Rameeztrader01 $SOL
{spot}(SOLUSDT)