🔥SOL/USDT — decision zone: bounce or new downward impulse?
SOL on the 12H timeframe has approached a key demand area. The price of 126.79 USDT is trading above an important support level of 121.66, where buyers previously activated. The market looks weakened, but there are indications for a technical bounce.
📌Brief situation overview
The price is below all moving averages, the trend remains bearish. However, the sellers' momentum is slowing down, and the oscillators indicate local oversold conditions. This creates conditions for a speculative long from support.
🚨Indicators
EMA 21 / 50 / 99: 133.40 / 137.56 / 148.81 — price is below, pressure remains
RSI (14): 40.41 — oversold zone, a bounce is possible
MACD: -0.60 — bearish momentum, but without strengthening
💰Trading plan
Main scenario — LONG from support
🎯 Targets:
130.0 — +2.6%
135.0 — +6.5%
140.0 — +10.3%
📍 Entry:
Conservatively: 127.50
Aggressively: breakout and hold above 126.80
🛑 Stop-loss: 121.66
📌Conclusion
SOL is in a critical zone. Holding the support may give a good bounce to the nearest EMAs. Losing 121.66 completely cancels the long scenario and strengthens the downward trend. We operate carefully, strictly according to the plan and with risk control.
Spot trading 👉$SOL
Futures 👇
