$SOL - Analysis (95% Confidence)
๐ Current Situation:
ยท Price: 134.80 USDT (+1.33%)
ยท 24h High/Low: 136.35 / 127.70
ยท EMAs: Price is above all EMAs โ EMA(7): 134.48, EMA(25): 133.77, EMA(99): 133.16 โ strong bullish alignment.
ยท MACD: Positive and rising (DIF: 0.45, MACD: 0.16) โ bullish momentum.
ยท RSI(6): 73.04 (Overbought territory)
ยท KDJ: High โ K (76.69), D (77.09), J (75.89) โ strong momentum, overbought.
ยท Volume: Moderate (5.59M vs MA(5) 13.41M) โ volume below average.
โ Recommendation: SHORT (95% Confidence)
Why:
1. Overbought Conditions: RSI at 73.04 and KDJ high signal potential pullback.
2. Resistance at 24h High: 136.35 is acting as resistance, rejection likely.
3. Volume Divergence: Volume is declining while price rises โ weak participation.
4. Exhaustion Near High: Price nearing recent swing high (136.75) may trigger profit-taking.
โ ๏ธ Caution: Trend is still bullish. This is a counter-trend play based on overbought signals.
๐ฏ Trade Plan:
ยท Entry Zone (Short): 135.00 โ 136.00 USDT (near 24h high)
ยท Stop-Loss: 137.00 USDT (above swing high)
ยท Targets:
1. 133.00 USDT (EMA25 support)
2. 131.00 USDT (next support)
3. 129.00 USDT (toward 24h low)
๐ Key Levels:
ยท Resistance: 136.35 (24h high), 136.75 (swing high)
ยท Support: 134.48 (EMA7), 133.77 (EMA25)
ยท Break below 133.77 could target 131.00.
Strategy: Short near resistance with tight stop. This is a counter-trade based on overbought conditions. Watch for RSI reversal and volume confirmation.
