๐ SOL/USDT Analysis (Spot โ Position Trade)
โ ๏ธ The pair SOL/USDT remains in a downtrend on the daily chart but is trying to hold recent support levels.
๐ Key Technicals:
โ ๏ธ Current price: $139.19
โ ๏ธ RSI(6): 40.42 โ still low, but not oversold
โ ๏ธ Recent support: $126.00
โ ๏ธ Resistance: $147.75 (EMA25) and $154.20 (EMA99)
โ ๏ธ EMAs:
EMA(7): $141.32
EMA(25): $147.75
EMA(99): $154.20
โ All EMAs are above the price, confirming bearish structure
๐ Interpretation:
SOL is still showing weakness, with all major EMAs acting as resistance. However, buyers stepped in around $126, showing potential bottom-building.
Volume is average and RSI is slowly climbing, which may indicate bearish exhaustion but still needs confirmation.
๐ธ Spot Position Strategy (DCA style):
๐ธ๐ธ Partial buy between $136 ~ $140
๐ธ๐ธ Add more if it drops to $128 ~ $130
๐ด Stop loss: below $123 (under the $126 support)
๐ฏ Targets:
Short term: $147 (EMA25 zone)
Mid term: $155 (EMA99 zone)
Optimistic: $165+
๐ Final summary:
SOL is still in a downtrend, but showing signs of a local bottom at $126. This can be a good entry zone for position traders, scaling in with caution. Wait for stronger confirmation to go heavy.
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