🔥SOL/USDT: Correction or a chance for a rebound?
The current price of SOL is 135.73, and after a sharp decline from the local maximum of 140.12, the market shows signs of short-term weakness. However, the indicators provide mixed signals, creating an interesting point for analysis and trade planning.
🚨Indicators
EMA(21/50/99): The price has dropped below EMA 21 and EMA 50, testing EMA 99 at the level of 135.72. A close below will open the way for a deeper correction.
MACD: -0.19 — downward crossover, confirms bearish momentum
RSI: 44.85, moving down. The short-term RSI(6) has fallen to 27.24 — near the oversold zone
Stoch RSI: 16.38 — deep oversold, often heralding a local reversal
💰Trading Plan
Main scenario: rebound from the zone 135.0–135.7
➡️Entry: 135.2–135.7
Target 1: 137.0
Target 2: 138.3
Target 3: 140.0
⛔️Stop-loss: 133.8 (below support and EMA99)
Alternative scenario:
If the price breaks below 135 and consolidates — we await a correction to 133.3 and 130.8
Conclusion
SOL has entered a cooling phase, but the oversold indicators provide a chance for a short-term rebound. The level of 135 remains a key zone for decision-making. It's important to monitor the candle close relative to EMA99 — this will determine the further momentum
Spot 👉 $SOL
