This technical analysis for Solana (SOL/USDT)
📊 Current situation
Price: 123.26
General trend: Sideways with a downward tilt
Last bottom: 119.24
Last peak: 128.78
🔹 Moving Averages (EMA)
EMA 7: 123.04
EMA 25: 123.15
EMA 99: 126.60
📌 The price oscillates around EMA 7 and 25 → Market confusion
📌 EMA 99 above the price → The general trend is still pressing
🔹 Support and Resistance
Supports:
122.00
120.90
119.20 (Strong support)
Resistances:
124.50
126.60 (EMA 99)
128.80
🔹 RSI (6)
RSI ≈ 54
📌 Light positive momentum
Not overbought → Room for limited upward movement
🔹 MACD
Weak positive crossover
The histogram is gradually improving
📌 Potential reversal signal but without momentum strength
🔹 Trading Volume
Volume is relatively weak
📌 Uptrend without liquidity = Potential false breakouts
🎯 Immediate Trading Scenario (Scalping / Intraday)
🔵 Buy Scenario (BUY)
Entry:
Between 122.50 – 123.00
Stop Loss (SL):
121.90
Targets (TP):
🎯 TP1: 124.50
🎯 TP2: 126.00
🎯 TP3: 126.60 (Strong resistance)
📌 Enter only with a confirming green candle above 123
🔴 Sell Scenario (SELL)
Entry:
If breaking 121.90 with a clear close
Stop Loss (SL):
122.70
Targets (TP):
🎯 TP1: 120.90
🎯 TP2: 119.20
⚠️ Risk Management (Essential)
Maximum Risk: 1–2%
After the first target → Move the stop to the entry point
No trading during strong news
🧠 Summary
Solana is in a consolidation range
Quick profit is possible but without greed
The real breakout is only above 126.60$
Good luck to you with $SOL
$XRP
$ZEC
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