๐ SOLANA (SOL) Signal โ Current Price โ $122
๐น Trend Summary
โข Short-term market sentiment is mixed to slightly bearish, with moving averages and overall technical ratings showing more sell signals recently. ๏ฟฝ
โข Some chart tools detect shorter-term bullish setups intraday, but the broader trend remains cautious. ๏ฟฝ
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CentralCharts
๐ Entry & Strategy
BUY ZONE (Aggressive / Scalping):
โก๏ธ $120โ$122 โ support area near recent price lows. ๏ฟฝ
Barchart.com
BUY CONFIRMATION:
โ๏ธ Bullish candlestick bounce off support
โ๏ธ RSI rising from oversold (if RSI < 30)
โ๏ธ Volume uptick on green bars
Take Profit (TP) Targets:
๐ฏ TP1: $128โ$130 (1st resistance)
๐ฏ TP2: $134โ$136 (2nd resistance)
๐ฏ TP3: $140+ (higher breakout) ๏ฟฝ
Barchart.com
Stop Loss (SL):
โ Below $118 โ invalidates support zone.
๐ Bearish Scenario (If Price Breaks Lower)
If SOL closes below $118 on decent volume:
โก๏ธ Expect pressure toward $114โ$110 range. ๏ฟฝ
Barchart.com
โ๏ธ Risk Management
โญ Keep risk per trade 1โ3% of your capital
โญ Use trailing stop if SOL moves strongly above TP1
โญ Monitor BTC sentiment โ altcoins often follow BTC direction
๐ Quick Notes for Traders โข Short-term technical signals currently favor caution/sideways movement until clear direction confirms. ๏ฟฝ
โข Indicators like MACD/RSI/Bollinger Bands can help refine entry timing and exits. ๏ฟฝ
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CoinDCX #Rameeztrader01 $SOL
