#CryptoTrading. #technicalanalyst #Signal🚥.
📊Technical analysis (1 hour) $SOL /USDT
Current situation:
• Price ~126.93 USD (+1.13% per day), but after a strong drop from ~136 to a low of ~123.53.
• Price is below the middle Bollinger Band (MB: 127.18), closer to the lower band (DN: 124.92) — a signal of weakness and a possible continuation down.
• MACD: weak positive (0.16), but DIF/DEA negative — momentum neutral/weak bullish, without strong momentum.
• RSI (6/12/24): ~43-46 — neutral zone, not overbought/oversold, but below 50 (slight bearish slope).
• Volume is decreasing, OI (open positions) is high — the market is in consolidation after correction.
General trend: Short-term bearish/neutral. After the rebound from the bottom, the market tests resistance ~127-129, but without strong volume - further sideways or continued correction is likely.
Signals:
🟢Buy (Long): Weak signal for a rebound. Enter on a breakdown and consolidation above 129.45 (Bollinger top) with volume confirmation. Target: 130-133, stop below 124.9.
🔴Sell (Short): Stronger signal now. Enter on a deviation from 127-129 or a breakdown below 124.9. Target: 123-121, stop above 128.